Authority: National Company Law Tribunal Chandigarh Bench (Court-I)
Order Date: October 9, 2026
Case Overview
The National Company Law Tribunal Chandigarh Bench has issued a procedural order regarding the merger between Primenet Global Private Limited (Transferor Company) and Primenet Web Technologies Pvt. Ltd. (Transferee Company). The matter involves an application under Sections 230-232 of the Companies Act, 2013 and Rule 11 of NCLT Rules 2016, specifically concerning a second motion application for approval of a scheme of arrangement between the two related corporate entities.
Final Outcome
The tribunal has re-notified the hearing date from October 9, 2026 to October 16, 2026 based on file reference No. 01/07/2026-NCLT(CHD)-dated October 1, 2026. The matter remains pending before the tribunal for consideration and final approval of the merger scheme.
Topics: Corporate Merger, NCLT Approval