Merger22 May 2026, 11:08 am
Scan Projects: NCLT Order on Chanderpur Industries Merger
AI Summary
Scan Projects Ltd received an order from the National Company Law Tribunal (NCLT), Chandigarh Bench, dated 21.05.2026, regarding the proposed merger with Chanderpur Industries Pvt Ltd. The order pertains to the First Motion Application filed by Scan Projects. The NCLT has directed a meeting of the Equity Shareholders of Scan Projects, while dispensing with the need for meetings of Equity Shareholders of Chanderpur Industries, and Secured and Unsecured Creditors of both companies. A copy of the NCLT order has been uploaded on the company's website.
Key Highlights
- NCLT Chandigarh Bench passed an order on 21.05.2026 regarding the merger of Chanderpur Industries and Scan Projects.
- The order directs Scan Projects to hold a meeting of its Equity Shareholders.
- NCLT dispensed with the requirement of meetings for Chanderpur Industries' Equity Shareholders.
- Meetings for Secured and Unsecured Creditors of both companies are also dispensed with.
- The NCLT order is available on Scan Projects' website.
Price Impact
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