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2021 (7) TMI 707 - NATIONAL COMPANY LAW TRIBUNAL , MUMBAI BENCHApproval of scheme of arrangement - Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 - HELD THAT:- The Regional Director has filed a Supplementary Report dated 16th December, 2020 with this Tribunal, accepting the response of the Petitioner Companies as satisfactory. The Transferee Company shall ensure compliance of Section 186(7) of the Companies Act 2013. The Petitioner Companies also undertake to comply with all the statutory requirements if any, as required under the Companies Act, 2013 and the Rules made thereunder, whichever is applicable. Accordingly, the clarifications and undertakings given by the Petitioner Companies are hereby accepted. 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, the Scheme of Arrangement is hereby sanctioned and declared the same to be binding on the Transferor sompanies and Transferee Company and their respective shareholders. Application allowed.
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