Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: July 7, 2026
Case Overview
The hearing concerned Company Application Number C.A.(CAA)/12(CHE)2026 and Company Petition Number C.P.(CAA)/38(CHE)2026 filed by JK Shah Commerce Education Ltd under Sections 230-232 of the Companies Act, 2013, which pertain to schemes of arrangement and compromise. The petition was heard by a bench comprising Member (Judicial) Shri Sanjiv Jain and Member (Technical) Shri Venkataraman Subramaniam via video conferencing. Representatives for the petitioner company, the Official Liquidator, the Regional Director, and the Income Tax Department were present. The Official Liquidator and Regional Director had submitted their reports electronically, which the registry was directed to accept in hard copy. The counsel for the Income Tax Department sought and was granted an extension of ten days to file its report.
Final Outcome
The tribunal adjourned the hearing and listed the petition for the next hearing on July 29, 2026. The petitioner company was directed to file its responses to all reports (from the OL, RD, and the forthcoming IT report) within one week.
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