Jakson Limited Vs Jakson Infra Projects Limited (NCLT Delhi)
The National Company Law Tribunal, New Delhi, considered a joint first motion application filed under Sections 230 to 232 of the Companies Act, 2013 read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 seeking directions in relation to a Scheme of Arrangement by way of demerger between Jakson Limited as the Demerged Company and Jakson Infra Projects Limited as the Resulting Company. Both companies have their registered offices in New Delhi. The Board of Directors of the Demerged Company approved the Scheme on 18.05.2026 and the Resulting Company approved it on 05.06.2026. The Demerged Company, incorporated on 13.07.1997, stated that it carries on three principal business undertakings comprising manufacturing of silent diesel and gas generating sets and electrical EPC business, trading and maintenance services of engine parts together with incidental activities including hospitality, housing and real estate, and an investment business involving investments in properties, shares and securities of group companies and loans and advances to group companies. The Resulting Company was incorporated on 29.05.2025. The applicants filed their Memorandum and Articles of Association, audited financial statements for the financial year ended 31.03.2026, a valuation report and share exchange ratio issued by M/s Procurve Valux Private Limited, IBBI Registered Valuer, and statutory auditors’ certificates stating that the accounting treatment under the Scheme conformed to Section 133 of the Companies Act, 2013. The appointed date under the Scheme was stated as 01.04.2026.
