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2020 (1) TMI 1238 - Tri - Companies LawApproval of Scheme of Arrangement for demerger of the Consumer Products Business - Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 - HELD THAT:- Since all the requisite compliance have been fulfilled and being satisfied with the submissions made and explanations given on behalf of the petitioners, the petition for sanction of the scheme is allowed - The Scheme of Arrangement being Annexure "A" to the petition is sanctioned by this Hon'ble Tribunal to be binding with effect from the 1st day of April, 2019 (Appointed Date) on Tata Global Beverages Limited its shareholders, creditors and all concerned. The approved Scheme of Amalgamation is annexed with this order and marked as Annexure A.
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