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2021 (7) TMI 486 - Tri - Companies LawApproval of scheme of amalgamation - Sections 230-232 of the Companies Act, 2013 and other relevant provisions of the Act - HELD THAT:- From the material on record and after perusing the clarifications and submissions of the Petitioner Company to the Report, Supplementary Report of the RD, the Scheme appears to be fair and reasonable and does not violate any provisions of law and is not contrary to public policy. Since all the requisite statutory compliances have been fulfilled, the Company Scheme Petition is made absolute in terms of prayer clauses V(a) and (b) of the Company Scheme Petition. The Scheme is sanctioned with the Appointed Date fixed as 1st April, 2020. This order is subject to the sanction to the Scheme by the National Company Law Tribunal, Chennai Bench. The scheme is sanctioned - application allowed.
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