Utkarsh Small Finance Bank Files Joint Motion for Scheme of Amalgamation Sanction
Utkarsh Small Finance Bank Limited filed a joint second motion petition before the National Company Law Tribunal (NCLT) on April 5, 2026, seeking sanction for its Scheme of Amalgamation.The petition was jointly filed by Utkarsh Small Finance Bank Limited and Utkarsh CoreInvest Limited. The legal action was filed before the Hon'ble NCLT under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and the rules made thereunder.
The filing follows prior approvals received by the bank. Previously, Utkarsh Small Finance Bank had informed that the Scheme of Amalgamation had secured the requisite majority approval from both its Equity Shareholders and Unsecured Creditors at their respective meetings, which were convened following directions from the Hon'ble National Company Law Tribunal, Allahabad Bench, Prayagraj.
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