NCLT Chennai approves scheme of amalgamation merging Chennai Business Tower Pvt Ltd into its holding company Porur Infra Estates Pvt Ltd.
Scheme effective from appointed date 24.09.2025 with no share issuance as transferor is wholly-owned subsidiary.
Income Tax Department raises concerns about potential ₹350 crore capital gains tax liability from prior ownership change.
Regional Director and Official Liquidator raise no objections after petitioners provide undertakings on employee protection and compliance.