Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: 10 June 2026
Case Overview
The hearing concerned Company Petition No. CP(CAA)/21(CHE)/2026 filed by ADJ Utility Apps Pvt Ltd under Sections 230-232 of the Companies Act, 2013, which pertain to compromises, arrangements, and amalgamations. The petition appears to be for a scheme of arrangement or amalgamation. The Resolution Director (RD) and the Income Tax Department are respondents in the matter. During the hearing, the counsel for the Resolution Director informed the bench that a reply from the Registrar of Companies (RoC) had been received and requested time to file a formal reply. Similarly, the counsel for the Income Tax Department also sought time to file its report on the petition.
Final Outcome
The two-member bench, comprising Member (Judicial) Shri Sanjiv Jain and Member (Technical) Shri Venkataraman Subramaniam, granted both the Resolution Director and the Income Tax Department two weeks' time to file their respective replies and report. The petitioner was directed to file responses to these reports once they are submitted. The petition has been adjourned and is next listed for hearing on 22 July 2026.
Topics: Legal Proceeding, Corporate Restructuring