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2020 (1) TMI 1261 - Tri - Companies LawApproval of the Scheme of Amalgamation of both the transferor companies with the transferee company - Sections 230 to 232 of the Companies Act, 2013 read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and the National Company Law Tribunal Rules, 2016 - HELD THAT:- Upon considering the approval accorded by the members and creditors of the Petitioner companies to the proposed Scheme, and the report filed by the Regional Director, Northern Region, Ministry of Corporate Affairs, official liquidator and in the absence of any objection against the Scheme; there appears to be no impediment in sanctioning the present Scheme. Scheme sanctioned - application allowed.
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