Authority: National Company Law Tribunal, Division Bench (Court– I), Chennai
Order Date: June 17, 2026
Case Overview
This is a procedural order from a hearing concerning Application No. CA(CAA)/53(CHE)/2026. The application is a first motion filed under Sections 230-232 of the Companies Act, 2013, seeking approval for a Composite Scheme of Arrangement. The petitioner/applicant is MNS Metal Traders Pvt Ltd. The matter was heard by a bench comprising Hon'ble Shri. Sanjiv Jain, Member (Judicial) and Hon'ble Shri Venkataraman Subramaniam, Member (Technical). The applicant was represented by Learned Counsel Ms. Arthi Fernandez.
Final Outcome
The Tribunal did not rule on the merits of the scheme. It issued a directive for the applicant to file a hard copy of the application for its consideration. The matter was adjourned and is now listed for further consideration and hearing on July 8, 2026.
Topics: NCLT, Corporate Restructuring, Legal Proceedings