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2019 (8) TMI 880 - Tri - Companies LawSanction of Scheme of Amalgamation - Section 230 to 232 of the Companies Act, 2013 - It has been stated in the Company Petition that the present Scheme of Arrangement does not contain or provide for Corporate Debt Restructuring - HELD THAT:- The Scheme of Amalgamation mentioned in this Petition being Annexure "A" hereto be sanctioned by this Hon'ble Tribunal to be binding with effect from 31st day of March, 2018 on VIVEK TRADE & INVESTMENT PRIVATE LIMITED with UNISTAR RESOURCES AND TRADES PRIVATE LIMITED and their shareholders and all concerned - All the properties, rights and interest of VIVEK TRADE & INVESTMENT PRIVATE LIMITED be transferred to and vested in without further act or deed in UNISTAR RESOURCES AND TRADES PRIVATE LIMITED and accordingly the same shall pursuant to Section 232 of the Companies Act, 2013 and read with Companies (Compromises, Arrangements and Amalgamation) Rules, 2016 be transferred to and vested in UNISTAR RESOURCES AND TRADES PRIVATE LIMITED for all the estate and interest of VIVEK TRADE & INVESTMENT PRIVATE LIMITED but subject nevertheless to all charges, now affecting the same. Petition disposed off.
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