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2020 (10) TMI 15 - Tri - Companies LawSanction of Composite Scheme of Amalgamation of wholly owned subsidiaries - sections 230-232 of the Companies Act, 2013 read with Companies (Compromises, Arrangement &Amalgamations) Rules, 2016 - 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 public policy - Since all the requisite statutory compliances have been fulfilled, Company Petition is made absolute in terms of prayers in the Petition. The Scheme is hereby sanctioned with the Appointed Date fixed as 1st April 2019 - The Transferor Companies shall stand dissolved without the process of winding up.
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