Event Details
The disclosure concerns the Order passed by the Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT) on July 21, 2026 in respect of the Scheme of Merger by Absorption between GB Global Limited (Transferor Company) with Dev Land and Housing Private Limited (Transferee Company).
Case Particulars
The specific case reference is C.P. (CAA) 6/MB/2026 in C.A. (CAA) 219/MB/2025. The matter falls under Sections 230-232 of the Companies Act, 2013.
NCLT Proceedings
The hearing took place on July 15, 2026 before the bench consisting of:
- Sh. Prabhat Kumar, Hon'ble Member (Technical)
- Sh. Sushil Mahadeorao Kochey, Hon'ble Member (Judicial)
Representation at Hearing
The following counsel were present during the proceedings:
- Mr. Rohan Kadam for the Petitioner
- Mr. Nausher Kohli for the National Stock Exchange of India
- Mr. Abay Chauhan for the Bombay Stock Exchange
- Ms. Komal Shah for the Securities & Exchange Board of India
Current Status
The matter was listed for taking on record written submissions. All parties filed written submissions which were taken on record. The case has been Reserved for Orders as of July 15, 2026.
Receipt of Order
GB Global Limited received the order from their counsel on July 22, 2026, and is making this disclosure to the stock exchanges on the same date.
Financial Impact
Financial impact not quantified in the disclosure. The disclosure pertains to the procedural status of the merger scheme approval process.