Home Case Index All Cases Companies Law Companies Law + Tri Companies Law - 2022 (4) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (4) TMI 1591 - NATIONAL COMPANY LAW TRIBUNAL CHENNAISanction of Composite Scheme of Amalgamation - Section 230 to 232 and other applicable provisions of the Companies Act, 2013 - HELD THAT:- After analyzing the Scheme in detail, this Tribunal is of the considered view that the scheme as contemplated amongst the petitioner companies seems to be prima Mac/e in compliance with the provisions of the Companies Act, 2013. Further there seems to be no objection on the part of the shareholders that the Scheme is in any way detrimental to the interest of the shareholders of the Company. In view of absence of any other objections having been placed on record before this Tribunal and since all the requisite statutory compliances having been fulfilled, this Tribunal sanctions the Scheme of Amalgamation along with Company Petitions as well as the prayer made therein. The Company Petitions are allowed and the Composite Scheme of Amalgamation annexed with the Company Petition s is hereby sanctioned and shall be binding on the members, Secured, unsecured creditors and shareholders of the Transferor/ Transferee Companies.
|