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2020 (11) TMI 517 - Tri - Companies LawSanction of Scheme of Amalgamation - 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 does not violate of any provisions of law and is not contrary to public policy. Since all the requisite statutory compliances have been fulfilled, Petition is made absolute in terms of prayer made in the petition. Hence ordered. The scheme, with the appointed date fixed as August 1, 2018 placed at page Nos. 196 to 211, annexure F to the company scheme petition is hereby sanctioned. It shall be binding on the petitioner and the companies involved in the scheme and all concerned including their respective shareholders, secured creditors, unsecured creditors/trade creditors and employees - application allowed.
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