Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 9th October, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard a petition under Sections 230/232 of the Companies Act, 2013 regarding the proposed amalgamation between Raj Ratan Fashions Limited and Rajratan Fincap Venture Ltd. The hearing addressed reports received from the Official Liquidator and Regional Director, to which the petitioner companies had submitted responses. The Income Tax Department, represented by Senior Counsel, reported that communication had been sent to concerned authorities but no response had been received. The Tribunal noted that the right to file a reply by the Income Tax Department had already been struck off. The petitioner companies filed an affidavit dated 16th January, 2026 giving an undertaking to abide by any liabilities or demands that may arise under the provisions of the Income Tax Act as a result of the amalgamation.
Final Outcome
The NCLT Allahabad Bench reserved its order on the merger petition after hearing all parties. The final decision on the amalgamation between Raj Ratan Fashions Limited and Rajratan Fincap Venture Ltd. is pending.
Topics: Corporate Amalgamation, NCLT Proceedings, Tax Undertaking