Authority: National Company Law Tribunal, New Delhi Court-IV (Special Bench)
Order Date: 14 July 2026
Case Overview
This proceeding involves an application filed by Webmob Software Solutions Private Limited and Kiwi Technologies India Private Limited under Sections 230-232 of the Companies Act, 2013, seeking approval for a scheme of arrangement (likely a merger or amalgamation). The matter was heard in a hybrid mode (physical and video conference). The applicants' counsel reported compliance with the tribunal's previous order dated 19 May 2026, which required serving notices to relevant authorities and publishing a public notice in a newspaper. Proof of this service was filed with the tribunal.
Representatives from the Office of the Regional Director (RD) were present and requested additional time to submit their official report on the scheme. The Official Liquidator's (OL) counsel was also present and reported that they had sought specific information from the petitioner companies, had now received it, and similarly required time to prepare and file their report. Notably, no representative appeared for the Income Tax Department, and they had not filed any report by the hearing date.
Final Outcome
The bench, comprising Member (Judicial) Mahendra Khandelwal and Member (Technical) Yogendra Kumar Singh, issued two key directions. First, the Income Tax Department was directed to file its report on the proposed scheme within 10 days. Second, the matter was adjourned and listed for the next hearing on 1 September 2026. The final approval of the scheme is pending the receipt and consideration of the reports from the Regional Director, the Official Liquidator, and the Income Tax Department.
Topics: Corporate Merger, NCLT Proceeding, Regulatory Approval