Case Details

Case Name: CP (CAA) No.09/ALD/2026 IN CA (CAA) No.01/ALD/2026 (Second Motion) With IA No.45/2026

Court/Authority: National Company Law Tribunal Allahabad Bench Prayagraj

Date of Order: 22nd May, 2026

Presiding Members: Hon'ble Mr. Praveen Gupta, Member (Judicial) and Hon'ble Mr. Ashish Verma, Member (Technical)

Legal Framework: Sections 230-232 of the Companies Act, 2013 read with Companies (Companies Arrangements and Amalgamation) Rules, 2016

Parties Involved

Petitioner Companies:

  • Shri Ram Solvent Extractions Private Limited (CIN: U15146UR1986PTC008014) - Demerged Company
  • Shri Ram Freezofresh Private Limited (CIN: U47212UT2025PTC019675) - Resulting Company No. 1
  • Kook Indi Foods Private Limited (CIN: U10750UT2025UT2025PTC019863) - Resulting Company No. 2

Legal Representatives: Sh. Rishabh Shachdeva with Sh. Abdul Zakaria and Ms. Prakriti, Advocates for the Petitioner Companies

Issues / Proceedings

The petition involves a Scheme of Arrangement (demerger) where Shri Ram Solvent Extractions Private Limited is the demerged company, and two resulting companies are being formed. The first motion order was passed on 06.04.2026 in CA (CAA) No.01/ALD/2026, where meetings of Equity Shareholders of all three companies and Unsecured Creditors of only the Demerged Company were dispensed with. There are no Secured Creditors in any of the three companies, and no Unsecured Creditors in the Resulting Companies.

Directions & Notices Issued

The Tribunal directed issuance of notices to the following authorities under Section 230(5) of Companies Act 2013 read with Rule 8 and Rule 16 of the Companies (Companies Arrangements and Amalgamation) Rules, 2016:

Regulatory Authorities to Receive Notice:

  • Central Government through Ministry of Corporate Affairs to Jurisdictional Regional Directors (email: rd.north@mca.gov.in, address: B-2 Wing, 2nd Floor, Pt. Deendayal Antyodaya Bhawan, CGO Complex, New Delhi – 110003)
  • Registrar of Companies-cum-Official Liquidator, Uttarakhand (email: roc.uttarkhand@mca.gov.in, address: Mazanine Floor, 78 Rajpur Road, Office No. 259, Shri Radha Palace, Dehradun- 248001, Uttarakhand)
  • Northern Regional Office FSSAI (email: director-nr@fssai.gov.in, address: FSSAI Complex, 2nd Floor, National Food Laboratory Ahinsa Khand -2, Indirapuram, Ghaziabad, 201014)
  • Jurisdictional Income Tax Authorities and Principal Chief Commissioner of Income Tax, Lucknow (email: lucknow.pccit@incometax.gov.in, address: Pratyaksh Kar Bhawan, 57-Ramtirth Marg, Lucknow – 226001)

Publication Requirements:

  • Newspaper publications in Pioneer (English) (Garhwal Post) and Dainik Jagran (Hindi) Dehradun Edition
  • Notices to be in Form CAA.3 as per Rule 8

Compliance Requirements

  • All authorities must file their representations within 30 days from date of receipt of notice
  • If no representation received, it will be presumed they have no objection
  • Petitioner companies must file affidavit of proof of service at least 7 days before hearing
  • Petitioner companies must file affidavit stating objections received from public pursuant to publication
  • Registry must report before hearing date on any objections received

Next Hearing

The matter is listed for further hearing on 23rd July, 2026.