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2020 (1) TMI 1490 - NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCHScheme of Merger by Absorption - Section 230 to 232 and other applicable provisions of the Companies Act, 2013 read with Companies (Compromises, Arrangement and Amalgamations) Rules, 2016 - HELD THAT:- From the material on record, the Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public policy - Since all the requisite statutory compliances have been fulfilled, Company Scheme Petition is made absolute in terms of Prayer of the Petitioner Companies. The Transferor Company shall stand dissolved without winding-up. The Scheme of Merger by Absorption is sanctioned hereby, and the appointed date of the Scheme is 1st January, 2019 - Application allowed.
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