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2019 (12) TMI 1585 - NATIONAL COMPANY LAW TRIBUNAL DELHIApproval/sanction of the Scheme of Amalgamation - Sections 230 to 232 of the Companies Act, 2013 (CA, 2013) r/w the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (Rules, 2016) and NCLT Rules, 2016 - HELD THAT:- There is no additional requirement for any modification and the Scheme of Amalgamation appears to be fair and reasonable and is not contrary to public policy and not violative of any provisions of law. All the statutory compliances have been made under Sections 230 to 232 of the Act, 2013. Taking into consideration the above facts, the Company Petition is allowed and the Scheme of Amalgamation annexed with the Petition is hereby Sanctioned. The Scheme approved shall be binding on the Shareholders, Creditors and Employees of the Companies involved in this Scheme. The Appointed date of the Scheme is 01.04.2018. The scheme is approved - application allowed.
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