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2021 (8) TMI 848 - Tri - Companies LawScheme of Demerger - Sections 230 to 232 of the Companies Act, 2013 - HELD THAT:- From the material on record, the Scheme of Demerger appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public interest - Since all the statutory compliances have been fulfilled, this bench hereby sanctions this Scheme in its absolute terms. The Scheme, with the Appointed Date fixed as 1st April, 2019 is hereby sanctioned - Application allowed.
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