NCLT Disposes of Application Regarding Withdrawal of Abans Jewels and Abans Enterprises Amalgamation Scheme
The National Company Law Tribunal (NCLT), Mumbai Bench, has disposed of an application related to the withdrawal of the Scheme of Amalgamation between Abans Jewels Limited and its wholly owned subsidiary, Abans Enterprises Limited.The filing concerns the legal proceedings involving Abans Enterprises Limited and Abans Jewels Limited, detailing the withdrawal of the proposed Scheme of Amalgamation between the two entities and their respective shareholders.
In the hearing held on March 12, 2026, the Tribunal noted that both the Transferor and Transferee Companies had passed their respective Resolutions for the withdrawal of the Company Scheme. Consequently, the Tribunal disposed of the Company Petition as withdrawn.
The details of the hearing and the associated legal matters are as follows:
| Detail | Description |
|---|---|
| Court/Tribunal | National Company Law Tribunal, Mumbai Bench |
| Date of Order | March 12, 2026 |
| Applicant Company | Abans Enterprises Limited |
| NCLT Case Item No. | 15 |
| Case Numbers | C.P.(CAA)/65(MB)2025 and C.A.(CAA)/10(MB)2025 |
| Matter | Withdrawal of Company Scheme (Sections 230-232 of the Companies Act) |
The order formally disposed of the petition, finalizing the process surrounding the withdrawal of the amalgamation scheme between the two corporate entities.
Stock Price Movement
Abans Enterprises Ltd settled at ₹22.60 on Thursday, posting a solid day with a 2.82% gain. Throughout the session, the shares showed good volatility, testing a low of ₹21.64 before peaking at ₹22.80.Source:
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