Key Quantitative Figures and Dates
- NCLT Interim Order date: August 13, 2026
- Order uploaded on NCLT website: August 19, 2026
- Petition number: C.P.(CAA)/120/MB/2026
- Previous intimations referenced: June 19, 2026 and July 30, 2026
- Final hearing date fixed: September 18, 2025
- Notice period to authorities: 30 days from receipt of notice
- Newspaper publication requirement: At least 10 days before hearing date
Parties Involved
- Transferor Company: Hinduja Leyland Finance Limited (First Petitioner Company)
- Transferee Company: NDL Ventures Limited (formerly known as NXTDIGITAL Limited) (Second Petitioner Company)
- Regulatory authorities requiring notice: Central Government, Income-tax authorities, Reserve Bank of India, Securities and Exchange Board, Registrar, respective stock exchanges, Official Liquidator, Competition Commission of India, and other sectoral regulators
- Legal counsel: Mr. Kunal Mehta represented the Petitioner Companies
- Tribunal Bench: Sh. Prabhat Kumar (Member Technical) and Sh. Sushil Mahadeorao Kochey (Member Judicial)
Process Requirements Directed by NCLT
- Notice to be issued to authorities specified in Section 230(5) of Companies Act, 2013
- Publication of hearing notice in two local newspapers (one English, one vernacular) with wide circulation
- Hosting of notices along with copy of Scheme on respective company websites
- Proof of service to be filed with NCLT
- Authorities have 30 days from receipt of notice to make representations
Current Status
The Company Petition has been admitted by NCLT and fixed for hearing and final disposal on September 18, 2025, subject to compliance with the notice and publication requirements.