NCLT Orders Shareholder & Creditor Meetings as Renault Group Seeks Composite Restructuring

In re Renault Nissan Automotive India Private Limited (NCLT Chennai) The National Company Law Tribunal (NCLT), Chennai Bench, allowed a company application filed under Sections 230 to 232 of the Companies Act, 2013 seeking directions in relation to a Composite Scheme of Arrangement involving Renault Nissan Automotive India Private Limited (Demerged/Amalgamating Company), Renault India Powertrain Private Limited (Resulting Company), and Renault India Private Limited (Amalgamated Company). The Scheme provides for the demerger of the powertrain manufacturing business from the first applicant comp...