Company Appeal(at) 88/CN/2026 of Gocl Corporation Limited v. The Registrar of Companies Andhra Pradesh
Case brief
What is this about?
The National Company Law Appellate Tribunal allowed appeals by a transferor and transferee company against dismissal of their first-motion application for a scheme of merger by absorption. The Tribunal held that the National Company Law Tribunal should not interfere with the amalgamation process at the initial stage before shareholders and creditors consider the scheme, particularly where regulatory observations for the listed transferee were obtained only in May 2026. It set aside the dismissal order and directed the NCLT to appoint the chairman and scrutinizers for the meetings, fix their remuneration, and schedule the meetings.
What did the court decide?
The appeal was allowed; the NCLT order dated 30.07.2026 was set aside. The NCLT was directed to appoint the Chairman and Scrutinizers for the meetings, fix their remuneration, and schedule the meetings within one week and no later than 05.10.2026. No costs.