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2019 (12) TMI 1353 - NATIONAL COMPANY LAW TRIBUNAL , AHMEDABAD BENCHSanction of proposed Company Scheme of Amalgamation - Sections 230-232 of the Companies Act, 2013 - HELD THAT:- We considered the contents and salient features of the proposed company scheme and have gone through the report and observations of the Regional Director and Official Liquidator, respectively. We also perused the reply affidavit submitted by the petitioner companies and the undertaking/assurance given therein can be accepted and acted upon. Hence, we find the proposed company scheme appears to be reasonable and bona fide for sanctioning of the Scheme of amalgamation, which is not going to prejudice to the paramount interest of its shareholders, creditors not it appears to be detrimental to the public interest at large. Therefore, the proposed scheme of amalgamation of Essen Polymers Private Limited with Essen Multipack Limited deserves to be sanctioned. Petition allowed.
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