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2020 (9) TMI 802 - Tri - Companies LawSanction of Scheme of Arrangement - Sections 230 to 232 read with Section 66 of the Companies Act, 2013 - HELD THAT:- From the material on record, the Scheme appears to be fair and reasonable and is not in violation of any provisions of law and is not contrary to any public policy. None of the parties concerned have come forwarded to oppose the Scheme of Arrangement - Since all the requisite statutory compliances have been fulfilled, Company Scheme Petition filed by the Petitioner Companies are made absolute in terms of prayer clause (a) & (b) of Company Scheme Petition. All concerned regulatory authorities to act on a certified copy of this order along with the Scheme duly certified by the Deputy/ Assistant Registrar, National Company Law Tribunal, Mumbai Bench.
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