Authority: National Company Law Tribunal, Division Bench (Court-I) Chennai
Order Date: July 7, 2026
Case Overview
The matter concerns Renault Nissan Automotive India Pvt Ltd (Main Petition Number: C.A.(CAA)/50(CHE)2026) and specifically Application IA(COMPANIES.ACT)/183(CHE)2026. The application was presented by Learned Counsel Mr. Pawan Jhabakh on behalf of the applicant company.
The company sought several reliefs from the tribunal: consideration and allowance of the company application; approval of August 22, 2026 (or another convenient date) as the revised date for convening meetings of equity shareholders and unsecured creditors of the Demerged Company and equity shareholders of the Resulting Company; approval and taking on record of the Updated Scheme providing only for the Demerger; and permission to serve the Updated Scheme upon concerned regulatory authorities pursuant to Section 230(5) of the Companies Act, 2013.
Counsel submitted that after the tribunal's previous order dated June 16, 2026, which had scheduled meetings for July 25, 2026, the applicant companies decided to pursue only a demerger instead of the previously contemplated demerger and amalgamation structure.
Final Outcome
The tribunal, comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), granted time to the applicant's counsel to inform the tribunal of the further course of action. The application was adjourned and listed for next hearing on July 15, 2026.
Topics: Corporate Restructuring, Demerger, NCLT Proceedings