22-Sept-2026 23:07:42
NIYOGINAcquisition and merger
NIYOGIN FINTECH : NCLT ORDERS MEETINGS FOR AMALGAMATION SCHEME
• NCLT order dated September 11, 2026 allows first motion application for composite scheme of arrangement and amalgamation. • Directs convening of meetings for Equity Shareholders, Secured Creditors, and Unsecured Creditors of NFL for scheme approval. • Dispenses with meetings for Equity Shareholders of NFL 2, iServeU, Preference Shareholders of iServeU, and Unsecured Creditors of NFL 2. • Order uploaded on NCLT website on September 22, 2026. • Impact: Scheme of arrangement and amalgamation to proceed subject to creditor and shareholder approvals.
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