In re Sun Direct Go Private Limited (NCLT Chennai)
The NCLT Chennai considered a joint application filed by Sun Direct GO Private Limited, the Transferor Company, and Sun Direct TV Private Limited, the Transferee Company, under Sections 230-232 of the Companies Act, 2013 read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016and the National Company Tribunal Rules, 2016, concerning their Scheme of Amalgamation.
Sun Direct GO Private Limited was incorporated on 24 June 2024 and is a wholly owned subsidiary of Sun Direct TV Private Limited. Its authorised and issued, subscribed and paid-up share capital was Rs. 10,00,000 each, comprising 1,00,000 equity shares of Rs. 10 each. As on 31 January 2026, its unaudited financial position showed net worth of (Rs. 21,54,640.64 thousand), turnover of Rs. 1,405.949 thousand, current assets of Rs. 50,940.617 thousand, non-current assets of Rs. 78,327.204 thousand, current liabilities of Rs. 37,484.184 thousand and long-term liabilities of Rs. 3,07,247.683 thousand.
Sun Direct TV Private Limited was incorporated on 16 February 2005. As on 31 January 2026, its authorised share capital was Rs. 6,00,00,00,000, comprising 60,00,00,000 equity shares of Rs. 10 each, while its issued, subscribed and paid-up share capital was Rs. 4,83,81,77,900, comprising 48,38,17,790 equity shares of Rs. 10 each.
