Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: 07 July 2026
Case Overview
The hearing concerned Company Application Number C.A.(CAA)/13(CHE)2026, which arises from Company Petition Number C.P.(CAA)/39(CHE)2026 filed by Veranda Learning Solutions Ltd. The petition was filed under Sections 230-232 of the Companies Act, 2013, which deal with compromises, arrangements, and amalgamations. The hearing was conducted via video conferencing before a bench comprising Hon'ble Shri. Sanjiv Jain, Member (Judicial), and Hon'ble Shri. Venkataraman Subramaniam, Member (Technical). The petitioner was represented by Senior Counsel Shri. P.H. Arvindh Pandian along with Counsel Shri. Pawan Jhabakh. The Assistant Official Liquidator was present in person. Counsel Shri. Raj Jhabakh appeared for the Income Tax Department, and Counsel Shri. Sriram appeared for the Regional Director (RD).
Final Outcome
The tribunal noted that reports had been e-filed by the Official Liquidator (OL) and the Regional Director. The registry was directed to accept the hard copies of these reports. Counsel for the Income Tax Department sought and was granted ten days to file its report on the matter. The petitioner was given one week to file responses to all the reports. The petition was adjourned and listed for its next hearing on 29 July 2026. No final decision on the scheme was made in this order.
Topics: NCLT Proceeding, Corporate Restructuring