Authority: National Company Law Tribunal Allahabad Bench Prayagraj - Division Bench comprising Sh. Praveen Gupta (Hon'ble Member Judicial) and Sh. Ashish Verma (Hon'ble Member Technical)
Order Date: 16th July, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard CA (CAA) No.35/ALD/2025, which is a first motion application filed by Saurabh Steels Limited and Sumitra Devi Cold Warehouse Private Limited under Sections 230/232 of the Companies Act, 2013. The application pertains to a scheme of arrangement or amalgamation between the two companies. Counsel Sh. Anukul Udai appeared for the applicant companies through virtual hearing and informed the bench that he had recently been engaged in the matter and had filed his vakalatnama only on the previous day (July 15, 2026), which was stated to be under scrutiny by the tribunal.
Final Outcome
The NCLT bench adjourned the matter to 23rd July, 2026, to be shown in the supplementary list, granting time for the scrutiny of the newly filed vakalatnama and allowing the recently engaged counsel to properly prepare for the case. The order was signed by both members of the bench - Ashish Verma (Member Technical) and Praveen Gupta (Member Judicial).
Topics: Corporate Restructuring, Legal Proceedings