Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 19-06-2026
Case Overview
This is a proceeding under Sections 230 to 232 of the Companies Act, 2013 concerning a scheme of amalgamation. The petitioners are M/s. Recykal Foundation (the transferor/amalgamating company) and M/s. Anubhuti Welfare Foundation (the transferee/amalgamated company). The hearing was held in a hybrid mode (VC and physical) on 19 June 2026 at 11:20 AM. The bench comprised Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. Representatives present included learned proxy counsel for the petitioners, a proxy counsel for the Income Tax Department, a Deputy Director from the Regional Director's office, and an Assistant Official Liquidator.
The principal matter for consideration was the progress of the amalgamation petition. The key reason for the current hearing's adjournment was the pending filing of statutory reports required for the scheme.
Final Outcome
The Tribunal adjourned the matter to 23 July 2026 to allow for the filing of the outstanding statutory reports. No final ruling on the amalgamation scheme itself was made at this hearing.
Topics: Corporate Amalgamation, NCLT Proceeding