NCLT Sanctions Thegot Hospitality-Muhavra Enterprises Amalgamation Scheme

Thegot Hospitality Private Limited Vs Muhavra Enterprises Private Limited (NCLT Chandigarh)

Summary: NCLT Chandigarh sanctioned the Scheme of Amalgamation between Thegot Hospitality Private Limited, the Transferor Company, and Muhavra Enterprises Private Limited, the Transferee Company, under Sections 230 to 232 of the Companies Act, 2013. The Boards of both companies had approved the Scheme on 05.05.2025 and the appointed date was 01.04.2025. Meetings of the equity shareholders, preference shareholders and unsecured creditors of the Transferee Company were held on 14.03.2026 and the Scheme was approved in terms of Section 230(6). The Official Liquidator raised no specific objection.

The Regional Director and Registrar of Companies raised observations concerning pending adjudication proceedings under Section 454, audit observations, alteration of the Transferee Company’s main objects, revised authorised share capital, preservation of books and papers under Section 239 and future liabilities under Section 240.

The companies furnished explanations and undertakings, including that liabilities and pending proceedings of the Transferor Company would continue against or be discharged by the Transferee Company. The Income Tax Department had no objection in respect of the Transferor Company as there was no outstanding demand, while in respect of the Transferee Company it sought protection for tax compliances, pending proceedings and future liabilities.