Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Order Date: 11th June, 2026
Case Overview
This is a procedural order from a hearing in the matter CP (CAA) No.08/ALD/2026 in CA (CAA) No.02/ALD/2026. The proceedings involve an application under Sections 230/232 of the Companies Act, 2013, which pertain to schemes of arrangement or compromise, typically including amalgamations. The companies involved are Sanjay Trading and Investment Company Private Limited and Little Rock Trade and Investment Limited. Counsel for the Official Liquidator (Sh. Mohd. Akhtar) and the Income Tax Department (Sh. Amit Mahajan, Sr. S.C.) were present.
The principal matter before the tribunal is the consideration of a scheme, but the hearing was focused on the status of reports required from various statutory authorities. The reports from the Registrar of Companies (ROC) and the Official Liquidator have already been filed. However, the reports from the Regional Director (RD) and the Income Tax Department are still awaited. The Authorized Representative for the Official Liquidator stated that the RD's report is yet to be received and undertook to follow up for its expeditious filing. Counsel for the Income Tax Department specifically requested two weeks to file its report.
Final Outcome
The tribunal adjourned the matter and granted the Income Tax Department two weeks to file its report, with an instruction to supply an advance copy to the other side. The next hearing is scheduled for 6th August, 2026. The final adjudication of the scheme is pending the submission and review of these outstanding reports.
Topics: NCLT Proceeding, Corporate Amalgamation