Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 18 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard an application filed by Resolute Corp Bharat Pvt. Ltd and Growthspirit Trading Pvt. Ltd. The proceedings were initiated under Sections 230-232 of the Companies Act, 2013, which govern schemes of arrangement, including mergers and amalgamations. The matter was heard by a bench comprising Mr. Shammi Khan, Hon'ble Member (Judicial), and Mr. Sanjeev Sharma, Hon'ble Member (Technical). The applicants were represented by their counsel, Ms. Vaibhavi K Parikh, Advocate. Prior to the hearing, on 16 June 2026, the applicants filed another set of revised consent affidavits from stakeholders (vide Inward No. D 4849) along with a revised synopsis, which were taken on record by the tribunal.
Final Outcome
The tribunal, after hearing the learned counsel for the applicant companies and perusing the record, has reserved its order. A final decision on the approval of the scheme under Sections 230-232 is pending.
Topics: Corporate Merger, NCLT Proceeding