2021 (11) TMI 483 - NATIONAL COMPANY LAW TRIBUNAL , MUMBAI BENCH - Corporate Laws

Head Note / Extract:
Sanction of Scheme of Amalgamation of Merger by Absorption - Sections 230 to 232 of the Companies Act, 2013 and other relevant provisions of the Companies Act, 2013 and the rules framed there under - 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 Scheme Petition is made absolute in terms of clauses (a) to (c) of the said Company Scheme Petition. The First Petitioner Company be dissolved without winding up - Application allowed.