2020 (9) TMI 442 - NATIONAL COMPANY LAW TRIBUNAL NEW DELHI BENCH - Corporate Laws

Head Note / Extract:
Approval of Amalgamation Scheme - 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 consent accorded by the members and creditors of the Petitioner Companies to the proposed Scheme, and the affidavits filed by the Regional Director, Northern Region, Ministry of Corporate Affairs and Official Liquidator there appears to be no impediment in sanctioning the present Scheme Sanction is hereby accorded to the Scheme under Section 230 to 232 of the Companies Act, 2013 - Petition disposed off.