Authority: National Company Law Tribunal Kochi Bench (Shri Vinay Goel, Member (Judicial) and Shri Ravichandran Ramasamy, Member (Technical))
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Kochi Bench heard petition CP(CAA)/2/KOB/2026 filed by ESAF Financial Holdings Private Limited with its shareholders under Section 230 of the Companies Act, 2013, which pertains to schemes of arrangement or compromise. The petitioner was represented by advocate Mr. KS Ravichandran of KSR & Co through virtual mode. The Income Tax Department was represented by advocate Ms. Varsha through virtual mode. The Registrar of Companies appeared physically before the Tribunal, while the Deputy Official Liquidator Ms. Bindu Vergis appeared virtually.
The Tribunal directed the Registrar of Companies, Official Liquidator, and Income Tax Department to file their responses to the petition within a period of 10 days from the order date.
Final Outcome
The case was adjourned to 17 July 2026 for further hearing. No final decision on the scheme was made in this hearing.
Topics: Corporate Restructuring, NCLT Proceedings