Authority: National Company Law Tribunal Chandigarh Bench (Court-I)
Order Date: October 9, 2026
Case Overview
The National Company Law Tribunal Chandigarh Bench has rescheduled the hearing for a merger application between two Panasonic subsidiaries in India. The matter involves Panasonic Life Solutions India Pvt. Ltd. (Transferor Company) and Panasonic India Pvt. Ltd. (Transferee Company) seeking approval for a scheme of arrangement under Sections 230-232 of the Companies Act, 2013. This is identified as a second motion application (CP(CAA)No.14/Chd/Hry/2026), indicating the process has advanced beyond the initial stage. The rescheduling was based on file reference No. 01/07/2026-NCLT(CHD) dated October 1, 2026.
Final Outcome
The hearing has been rescheduled to October 14, 2026. No decision on the substantive matter has been rendered in this order, which serves solely as a procedural update regarding the hearing date.
Topics: Corporate Restructuring, NCLT Proceedings