Legal20 Jun 2026, 01:01 pm
Concord Enviro Systems: NCLT issues further directions on Scheme of Arrangement
AI Summary
Concord Enviro Systems Ltd has received further directions from the National Company Law Tribunal (NCLT), Mumbai Bench, dated June 11, 2026, concerning its Scheme of Arrangement. The NCLT has ordered the issuance of notices to statutory and regulatory authorities as per Section 230(5) of the Companies Act, 2013, and has also directed newspaper publication of these notices. Representations from authorities are to be submitted within 30 days of notice receipt. The matter has been listed for further hearing on July 23, 2026. This follows the NCLT's earlier order on March 11, 2026, which led to shareholder approval of the scheme.
Key Highlights
- NCLT Mumbai issues further directions on Concord Enviro's Scheme of Arrangement.
- Notices to be sent to statutory/regulatory authorities and published in newspapers.
- Authorities have 30 days to submit representations.
- Next hearing scheduled for July 23, 2026.
- Shareholder approval for the scheme was previously obtained.
Price Impact
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