NCLT Kolkata approves first motion for a demerger scheme transferring Kariwala Industries' undertaking to Kariwala Ventures effective April 1, 2025.
Tribunal dispenses with meetings for secured creditors and Kariwala Ventures' shareholders/creditors due to 100% written consent.
Directs physical meetings for Kariwala Industries' 24 equity shareholders and 95 unsecured creditors on May 16, 2026.
Orders service of notices to regulatory authorities including Regional Director, ROC, and Income Tax Department.