NCLT directs meetings for Wim Plast scheme

The NCLT Ahmedabad Bench, on October 7, 2025, issued an order on the first motion application for the Scheme of Arrangement involving Wim Plast Limited (WPL), Cello Consumer Products Pvt. Ltd. (CCPPL), and Cello World Limited (CWL). The order directs the convening of meetings for equity shareholders and unsecured creditors on December 6, 2025.

For WPL, meetings for 10,921 equity shareholders will be held at 10:00 A.M., and for 1,153 unsecured creditors with a total outstanding amount of INR 13,95,61,874/- at 11:30 A.M. For CCPPL, meetings for 2 equity shareholders at 2:00 P.M., and for 2 unsecured creditors with a total outstanding of INR 1,67,500/- at 2:30 P.M. CWL's 123,494 equity shareholders will meet at 3:00 P.M., and its 1,192 unsecured creditors with a total outstanding of INR 2,107,452,823.74/- at 5:00 P.M.

The meetings will be conducted via Video Conferencing (VC) to consider and approve the proposed Scheme. The Scheme aims to streamline operations by demerging WPL's manufacturing business into CCPPL and subsequently amalgamating WPL with CWL. The appointed date for the Scheme is April 1, 2025.