Joint Venture20 Mar 2026, 01:03 pm
Mawana Sugars Ltd. Receives Order from National Company Law Tribunal for Scheme of Amalgamation
AI Summary
Mawana Sugars Ltd. has received an Order dated 18.03.2026 from the Hon'ble National Company Law Tribunal, New Delhi Bench, admitting the Second motion petition for a Scheme of Amalgamation between Mawana Foods Private Limited and Mawana Sugars Limited. The NCLT has directed the companies to make newspaper publications and issue notices to authorities as specified in Section 230(5) of the Companies Act, 2013. The matter is now listed on 13.05.2026 for further proceedings.
Key Highlights
- Mawana Sugars Ltd. has received an Order from the National Company Law Tribunal for a Scheme of Amalgamation with Mawana Foods Private Limited.
- The Order was passed on 18.03.2026 and the matter is now listed on 13.05.2026 for further proceedings.
- The NCLT has directed the companies to make newspaper publications and issue notices to authorities as specified in Section 230(5) of the Companies Act, 2013.
- This is a significant step in the amalgamation process between the two companies.