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2021 (5) TMI 108 - NATIONAL COMPANY LAW TRIBUNAL , CHENNAI BENCHApproval of scheme of Amalgamation - section 230-232 of Companies Act - HELD THAT:- This Tribunal is of the considered view that the scheme as contemplated amongst the petitioner companies seems to be prima facie 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 appended as Annexure "4" as well as the prayer made therein. The scheme is approved - application allowed.
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