https://www.taxtmi.com/caselaws?id=784583 An objector challenged dismissal of its objections to a scheme of amalgamation on the ground of maintainability/locus standi. NCLAT held that the scheme expressly transferred pending legal and other proceedings, eliminating any cause to continue the appeal; the objector could instead seek impleadment in proceedings under s. 9 IBC or pursue other remedies in law. Consequently, NCLAT declined to interfere with the order rejecting the objections and disposed of the appeal. On costs, since the objections were filed bona fide and the respondent did not oppose reduction, NCLAT modified the cost from Rs. 10 lakh to Rs. 2.5 lakh, payable to the Prime Minister's National Relief Fund within the stipulated time. en-us Mon, 24 Nov 2025 00:00:00 +0530 Thu, 08 Jan 2026 08:19:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784583 An objector challenged dismissal of its objections to a scheme of amalgamation on the ground of maintainability/locus standi. NCLAT held that the scheme expressly transferred pending legal and other proceedings, eliminating any cause to continue the appeal; the objector could instead seek impleadment in proceedings under s. 9 IBC or pursue other remedies in law. Consequently, NCLAT declined to interfere with the order rejecting the objections and disposed of the appeal. On costs, since the objections were filed bona fide and the respondent did not oppose reduction, NCLAT modified the cost from Rs. 10 lakh to Rs. 2.5 lakh, payable to the Prime Minister's National Relief Fund within the stipulated time. Case-Laws Companies Law Mon, 24 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784583