'Update on hearing conducted by Hon'ble NCLT, Chennai Bench on December 03, 2025 on scheme of Amalgamation'
As filed · Indo-National Limited has informed the Exchange regarding 'Update on hearing conducted by Hon'ble NCLT, Chennai Bench on December 03, 2025 on scheme of Amalgamation'.
What happened
FactThe Hon’ble National Company Law Tribunal, Chennai Bench, conducted a hearing on December 03, 2025, regarding the Scheme of Amalgamation between Helios Strategic Systems Limited and Indo National Limited. The tribunal noted that reports from statutory authorities have been filed and accepted, and has scheduled a further hearing for December 10, 2025. The daily order from the hearing was made available on the NCLT website on December 05, 2025.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
Watch next
Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
Evidence
How CapitSignal classified this
- Reasoning:
- INSOLVENCY base 93; +5 quantified amount; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%