In re Indo Bevs Private Limited (NCLT Delhi)
The National Company Law Tribunal (NCLT), Principal Bench, considered a joint petition filed under Sections 230 to 232 of the Companies Act, 2013 read with the Companies (Compromises, Arrangements, Amalgamation) Rules, 2016, seeking sanction of a Scheme of Amalgamation of Indo Bevs Private Limited (Transferor Company) with Indospirit Beverages Private Limited (Transferee Company).
The Transferor Company was incorporated on 16.02.2018 under the Companies Act, 2013, while the Transferee Company was incorporated on 07.01.2014 under the Companies Act, 1956 as Bubbly Wines Private Limited and was renamed Indospirit Beverages Private Limited on 07.08.2015. Both companies had their registered offices in Delhi. The Boards of Directors of both companies unanimously approved the Scheme of Amalgamation in their meetings held on 13.06.2025. The appointed date under the Scheme was fixed as 01.04.2025.
By order dated 16.10.2025 passed in the first motion application, the Tribunal dispensed with the meetings of the Equity Shareholders, Secured Creditors and Unsecured Creditors of the Transferor Company. In respect of the Transferee Company, the Tribunal dispensed with the meetings of its Equity Shareholders and Unsecured Creditors but directed that a meeting of its Secured Creditors be convened. The meeting of the Secured Creditors was duly held, and the Chairperson’s Report dated 28.11.2025 recorded that the Scheme was approved by the Secured Creditors.
