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2019 (9) TMI 1468 - NATIONAL COMPANY LAW TRIBUNAL BENGALURU BENCHApproval of Scheme of Amalgamation - Section 230 and 232 of the Companies Act, 2013 - HELD THAT:- The Petitioner Companies had filed I.A. No. 287 of 2019 seeking to amend Clause 11 of the Scheme which deals with the combination of authorised share capital. The said I.A. No. 287 of 2019 was allowed on 25.06.2019. The Petitioner Companies have also filed I.A. No. 60/2019 under Rule 11 of the NCLT Rules seeking for condonation of delay in filing the Petition late by thirteen days. Since the delay is of less than two weeks and due to the reason of non-availability of the authorised signatories, no harm will be caused if the said I.A. No. 60/2019 is allowed. Considering the materials on record the Scheme appears to be fair, reasonable and is not detrimental against the Members or Creditors or contrary to public policy and the same can be approved. The scheme is approved - application allowed.
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