Oriental Carbon & Chemicals Limited (Appellant) filed an appeal against an order by the National Company Law Tribunal (NCLT), Ahmedabad, dated April 10, 2024. The NCLT approved a Scheme of Arrangement of Demerger between the Appellant and OCCL Limited (Respondent). The Appellant is a publicly listed company engaged in manufacturing and selling chemicals and investments. OCCL Limited, a wholly-owned subsidiary of the Appellant, was incorporated in 2022 for chemical business operations. The Scheme sought to demerge the Demerged Undertaking from the Appellant to the Respondent. The Appointed Date, defined in the Scheme as an Effective Date or as decided by the Parties, was agreed upon by the Board of Directors of both companies. The NCLT modified the Appointed Date to

Oriental Carbon & Chemicals Limited (Appellant) filed an appeal against an order by the National Company Law Tribunal (NCLT), Ahmedabad, dated April 10, 2024. The NCLT approved a Scheme of Arrangement of Demerger between the Appellant and OCCL Limited (Respondent). The Appellant is a publicly listed company engaged in manufacturing and selling chemicals and investments. OCCL Limited, a wholly-owned subsidiary of the Appellant, was incorporated in 2022 for chemical business operations. The Scheme sought to demerge the Demerged Undertaking from the Appellant to the Respondent. The Appointed Date, defined in the Scheme as an Effective Date or as decided by the Parties, was agreed upon by the Board of Directors of both companies. The NCLT modified the Appointed Date to