Niyogin Fintech: NCLT Allows Scheme of Arrangement Application

Niyogin Fintech Limited announced that the National Company Law Tribunal (NCLT), Chennai Bench, has allowed its first motion application related to a Scheme of Arrangement. This order, dated September 11, 2026, and uploaded on September 22, 2026, directs the convening of meetings for equity shareholders and creditors of Niyogin Fintech Limited (NFL) and creditors of iServeU for approving the Scheme. Notably, meetings for certain classes of shareholders and creditors of NFL 2 and iServeU have been dispensed with. This development follows earlier approvals, including an observation letter from BSE and in-principle approval from the Reserve Bank of India.