The National Company Law Tribunal (NCLT) has approved the merger of Nirmal Lifestyle Realty with Oberoi Realty, a significant move aimed at consolidating operations and enhancing efficiency within the real estate sector. The approval, granted by the Mumbai bench of the tribunal, allows for the dissolution of Nirmal Lifestyle without a winding-up process, as it is a wholly owned subsidiary of Oberoi Realty. The tribunal noted that the merger aligns with the provisions of the Companies Act, 2013, and all statutory compliances were met with no objections from stakeholders, including creditors and regulators. This merger is expected to streamline the group structure, improve operational efficiencies, and enhance investor confidence by pooling resources into a single entity. Companies have committed to adhering to all regulatory requirements post-merger, including tax laws and sectoral regulations. The tribunal has directed the companies to file the order with the Registrar of Companies within 30 days and complete stamp duty adjudication within 60 days. This merger reflects a broader trend in the real estate industry where listed developers are consolidating assets to drive efficiency and transparency.