NCLT cannot  unilaterally change appointed date while admitting scheme of arrangement 

Marathon Nextgen Townships Pvt Ltd Vs Regional Director (NCLAT) Introduction: In the legal landscape of corporate restructuring, the case of Marathon Nextgen Townships Pvt Ltd vs. Regional Director stands as a significant precedent. The National Company Law Appellate Tribunal (NCLAT) clarified the National Company Law Tribunal’s (NCLT) supervisory role when statutory requirements of an amalgamation scheme are satisfied. Background and Appeal: The case began when the appellants, Marathon Nextgen Townships Pvt Ltd (Appellant No.1) and Marathon Nextgen Realty Ltd (Appellant No.2), challenge...