2020 (11) TMI 61 - NATIONAL COMPANY LAW TRIBUNAL , SPECIAL BENCH, MUMBAI BENCH - Corporate Laws

Head Note / Extract:
Approval of scheme of amalgamation - sections 230 to 232 of the Companies Act, 2013, and other applicable provisions of Companies Act, 2013 - HELD THAT:- From the material on record, the Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public policy - Since all the requisite statutory compliances have been fulfilled, Company Petition No.77/MB.V/2020 is made absolute in terms of the prayer clauses (a) & (b) in the said Company Petition. The Scheme is hereby sanctioned, with the Appointed Date fixed as 1st April 2019. The Transferor Companies be dissolved without winding up.