NCLT Admits Second Motion Petition for Scheme of Arrangement; Next Hearing November 16, 2026

NCLT New Delhi, by order dated September 21, 2026, admitted the Second Motion Petition for the proposed Scheme of Arrangement with Sammaan Finserve Limited (Demerged Company).

Fri 25 Sep 2026

NCLT Order Date

September 21, 2026

Scheme Type

Scheme of Arrangement with Sammaan Finserve Limited (Demerged Company)

Next Hearing Date

November 16, 2026

Statutory Notices Issued To

Central Government, Regional Director (Northern Region), Registrar of Companies (Delhi and Haryana), Income Tax Department, BSE Limited…

Proof of Service Timeline

Within four weeks

What was shared

Sammaan Capital Limited told BSE and NSE that the National Company Law Tribunal, New Delhi Bench, passed an order dated September 21, 2026, admitting the Second Motion Petition in the proposed Scheme of Arrangement between Sammaan Finserve Limited (Demerged Company) and Sammaan Capital Limited (Resulting Company) and their respective shareholders and creditors. The company received the order on September 25, 2026.

What the NCLT directed

• Notices to be issued to the Central Government, Regional Director (Northern Region), Registrar of Companies (Delhi and Haryana), Income Tax Department, BSE Limited and the Reserve Bank of India.
• Notice to be published in two Delhi NCR newspapers: Financial Express (English) and Jansatta (Hindi).
• The applicant to serve and publish notice and file proof of service with an affidavit within four weeks.
• Statutory authorities to submit their reports within two weeks of receiving notice.
• The petitioner may respond to any report within two weeks thereafter.
• Matter listed for hearing on November 16, 2026.

What it means in simple terms

A scheme of arrangement such as a demerger needs Tribunal sanction. The first motion stage deals with meetings of shareholders and creditors; the second motion is the petition seeking final approval. Admission of the second motion means the Tribunal has taken the petition on record and started the process of hearing regulators and objectors before deciding.

The order is procedural. The scheme is not yet sanctioned, and the outcome depends on the reports of the statutory authorities and the hearing scheduled for November 16, 2026.

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