Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 10 June 2026
Case Overview
The hearing concerned a petition for the merger/amalgamation of Augmento Labs Pvt Ltd (Main Petition Number: CA(CAA)/73(CHE)2025). The specific application being heard was CP(CAA)/93(CHE)/2025. Representatives from multiple parties were present: Mr. Jayanth Viswanathan (PCS for the Petitioner), Mr. Rajkumar Jhabakh (Counsel for the Income Tax Department), Mr. Avinash Krishnan Ravi (Counsel for the Resolution Professional - RD), and the Assistant Official Liquidator in person along with Mr. B. Palani. The Resolution Professional (RD) had submitted a report electronically, and the registry was directed to accept its hard copy. The Income Tax Department, represented by its counsel, raised no objection to the petition but explicitly noted that a tax demand was pending against the company and that this obligation must be complied with by the Transferee Company involved in the amalgamation.
Final Outcome
The petitioner's representative sought a week's time to review and respond to the reports filed by the Official Liquidator and the Resolution Professional. The bench, comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), granted this request. The petition was adjourned and listed for its next hearing on 01 July 2026. No final decision on the merger was made in this order.
Topics: NCLT Proceedings, Corporate Amalgamation, Tax Compliance