Home Case Index All Cases Companies Law Companies Law + Tri Companies Law - 2020 (9) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (9) TMI 518 - Tri - Companies LawSanction of Amalgamation Scheme - sections 230 to 232 of the Companies Act, 2013 - HELD THAT:- The observations made by the Regional Director have been explained by the Petitioner Companiesas above. Moreover, the Petitioner Companies undertake to comply with all statutory requirements, as required under the Act and the Rules made thereunder. The clarifications and undertakingsgiven by the Petitioner Companies are accepted. From the material on record, the Scheme of Arrangement appears to be fair and reasonable and so far not in violation of any provisions of law, nor contrary to public interest - the scheme is sanctioned - It shall be binding on the Petitioners and the Companies involved in the Scheme and all concerned including their respective Shareholders, Secured Creditors, Unsecured Creditors/Trade Creditors and Employees.
|