NCLT Ahmedabad Sanctions Pointleap Projects and Superheights Infraspace Merger With Adani Electricity Mumbai, Clarifies No Exemption From Stamp Duty or Taxes
In re Pointleap Projects Private Limited (NCLT Ahmedabad) concerns a joint petition for sanction of a Scheme of Amalgamation. The Tribunal approved the scheme but stated plainly that approval carries no waiver of stamp duty, income tax, GST or any regulatory requirement.
The Scheme and the Petition
The petitioners approached the Tribunal under Sections 230 to 232 read with Section 234 of the Companies Act, 2013 and the Companies (Compromise, Arrangement and Amalgamations) Rules, 2016. The scheme proposed to merge Pointleap Projects Private Limited (Transferor Company No. 1) and Superheights Infraspace Private Limited (Transferor Company No. 2) into Adani Electricity Mumbai Limited (Transferee Company). The Appointed Date is 01.04.2025.
The registered offices of all the companies fall within the jurisdiction of the Registrar of Companies, Ahmedabad, so the Tribunal had territorial jurisdiction. Each company's Board approved the scheme by resolutions dated 25.10.2025.
Procedural Background
- The companies first filed CA(CAA) No. 12 of 2026. By order dated 08.05.2026, meetings of equity shareholders, secured creditors and unsecured creditors were dispensed with on the strength of consent affidavits.
- A later application corrected an accidental omission in that order, and by order dated 03.08.2026 the dispensation was confirmed for both secured and unsecured creditors.
- Notice of the hearing was published in "Financial Express" (English) and "Gujarat Samachar" (Gujarati) and served on the Regional Director, the Registrar of Companies, the Chief Secretary of Gujarat, the jurisdictional income-tax authorities, the Official Liquidator and the relevant exchanges.
Observations of the Regional Director and the Registrar of Companies
Regional Director (report dated 23.07.2026). The petitioners responded by affidavit dated 27.07.2026.