https://www.taxtmi.com/caselaws?id=772088 NCLAT allowed the appeal challenging NCLT's modification of the appointed date in an amalgamation scheme. The appellant contested NCLT's unauthorized change of the appointed date from the scheme-specified date to the order date without providing reasons or opportunity to be heard, violating natural justice principles. NCLAT held that NCLT lacked authority to modify the appointed date unilaterally, especially when scheme conditions under Clause 35.1 were pending completion. The tribunal ruled that changing the appointed date would have serious financial implications and affect company calculations. NCLAT modified the impugned order, directing that the appointed date shall remain as originally fixed in the scheme per relevant clauses, not from the NCLT order date. en-us Thu, 01 May 2025 00:00:00 +0530 Wed, 04 Jun 2025 08:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772088 NCLAT allowed the appeal challenging NCLT's modification of the appointed date in an amalgamation scheme. The appellant contested NCLT's unauthorized change of the appointed date from the scheme-specified date to the order date without providing reasons or opportunity to be heard, violating natural justice principles. NCLAT held that NCLT lacked authority to modify the appointed date unilaterally, especially when scheme conditions under Clause 35.1 were pending completion. The tribunal ruled that changing the appointed date would have serious financial implications and affect company calculations. NCLAT modified the impugned order, directing that the appointed date shall remain as originally fixed in the scheme per relevant clauses, not from the NCLT order date. Case-Laws Companies Law Thu, 01 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772088