NCLT Kolkata allows first-stage application for amalgamation of five wholly-owned subsidiaries into Ahluwalia Contracts (India) Ltd.
Meetings of equity shareholders and unsecured creditors dispensed with as 100% consent obtained via affidavits.
Appointed date for the amalgamation is set for 1st April 2026, with no secured creditors involved.
Notices to be served to Central Govt, ROC, Official Liquidator, and Income Tax authorities for representations.