Authority: National Company Law Tribunal Chandigarh Bench (Court – II)
Order Date: 16 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Chandigarh Bench heard an application filed under Sections 230-232 of the Companies Act, 2013. The application was transferred from the Chennai Bench (formerly Case no. CA (CAA) No. 46/CHE/2026) and was registered as TP No. 3/Chd/Hry/2026. The matter involves Srikara Technologies Private Limited & Anr. as transferor companies and DR Exion India Limited as the transferee company. The specific purpose of the application was to seek dispensation of meetings for the transferor company numbers 1, 2, and 3 in relation to a proposed scheme of arrangement or amalgamation.
Senior Advocate Mr. Anand Chhibbar, along with a team of advocates including Mr. Viren Sharma, Ms. Swati Vashisth, Mr. Vaibhav Sahni, Ms. Shruti Kanodia, Mr. Raghav Dua, Mr. Nilesh Panda, Mr. Nirbhay Talwar, Mr. Yash Srivastava, and Mr. Naman Tripathi, represented the applicant companies during the hearing before the bench comprising Hon'ble Member (Judicial) Shri. K. Biswal and Hon'ble Member (Technical) Shri. K.K Singh.
Final Outcome
The bench heard the arguments presented by learned Senior Counsel Mr. Anand Chhibbar and reserved its order on the application. No final decision or direction was issued at this hearing, pending further deliberation by the tribunal.
Topics: Corporate Merger, NCLT Proceedings