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2019 (5) TMI 1824 - Tri - Companies LawApproval of the Scheme of Amalgamation - 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 all the Petitioner companies to the proposed Scheme and the affidavits filed by the Regional Director, Northern Region, Ministry of Corporate Affairs including the report of official liquidator, Income Tax Department and RBI and also as no objection from any quarter against the Scheme has been received; there appears to be no impediment in sanctioning the present Scheme. Sanction is hereby granted to the Scheme under Section 230 to 232 of the Companies Act, 2013 - Application allowed.
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