Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: October 9, 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench – II heard a petition filed under Section 230 of the Companies Act, 2013. The petition concerns a proposed scheme of amalgamation where Gee Pee Aerospace And Defence Pvt Ltd (Transferor Company 1) and Magnatar Aero Systems Pvt Ltd (Transferor Company 2) are to be amalgamated into MTAR Technologies Limited (Transferee Company). The hearing was conducted in a hybrid mode (VC and physical) on October 9, 2026, at 10:30 A.M. The bench was composed of Shri Rajeev Bhardwaj, Hon'ble Member (Judicial) and Shri Sanjay Puri, Hon'ble Member (Technical). Representations were made by Mr. Vivek Surana, Practicing Company Secretary for the petitioner companies; Smt. Kusum Yadav, Deputy Director from the Regional Director's office; Mr. Deowarat Vasantrao Meshram, Assistant Official Liquidator from the Official Liquidator's office; and Ms. Rakshitha, Counsel for the Income Tax Department.
Final Outcome
After hearing all parties, the bench reserved the matter for orders. A final decision on the approval of the amalgamation scheme is pending.
Topics: Corporate Restructuring, NCLT Proceeding