Authority: National Company Law Tribunal, Division Bench (Court-I) Chennai
Order Date: 17 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai Division Bench comprising Hon'ble Shri. Sanjiv Jain (Member Judicial) and Hon'ble Shri. Venkataraman Subramaniam (Member Technical) heard Application Number CA(CAA)/43(CHE)/2026 filed by Refex Industries Ltd under Sections 230-232 of the Companies Act, 2013. The application appears to relate to a scheme of arrangement or compromise. Learned Counsel Shri. Pawan Jhabakh represented the applicant company. The hearing was conducted through video conferencing.
The company filed a clarification memo to address points 1 and 2 from the Tribunal's previous order dated 09 June 2026. Regarding observation letters issued by stock exchanges BSE and NSE, the counsel submitted that the requisite information has already been provided and is available on the web portals of both exchanges. The applicant company undertook to provide this information individually to all shareholders.
Final Outcome
After hearing arguments from the company's counsel, the Tribunal reserved its order. The matter remains pending for final decision.
Topics: NCLT Proceedings, Corporate Restructuring, Shareholder Communication