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2020 (9) TMI 1001 - Tri - Companies LawSanction of Scheme of Merger by Absorption - sections 230 to 232 and other applicable provisions 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 with any provision of law and is not contrary to public policy - Since all requisite statutory compliances have been fulfilled, petition is made absolute in terms of prayer clause (a) to (c) thereof. The Scheme of Merger by Absorption is sanctioned hereby, and the Appointed Date of the Scheme of Merger by Absorption is 1stApril 2019. The Transferor Companies be dissolved without winding up - application allowed.
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