Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: September 1, 2026
Case Overview
This is an appeal filed by Hinduja National Power Corporation Ltd. & Anr. (Appellants) against The Regional Director, Southeastern Region Directorate & Anr. (Respondents). The appeal, registered as Company Appeal (AT) (CH) No.88/2026, concerns a proposed amalgamation scheme. During the hearing, the Registrar of Companies (RoC), representing Respondents 1 and 2, made preliminary submissions outlining relevant legal provisions that may apply to the amalgamation. Counsel for the appellants, Mr. Srinath Sridevan, acknowledged these submissions but contended that their relevance would be more appropriate for consideration at a subsequent 'stage-2', when a second petition is filed.
Final Outcome
The Tribunal, comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical), did not issue a substantive ruling on the appeal. The proceeding was adjourned. The appeal is now listed for its next hearing on September 8, 2026.
Topics: Corporate Amalgamation, NCLAT Proceeding