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2021 (11) TMI 911 - Tri - Companies LawSanction of the Scheme of Amalgamation - Sections 230 to 232 of the Companies Act, 2013 ("The Act") read with the Companies (Compromises, Arrangements & Amalgamations) Rules, 2016 - HELD THAT:- There appears to be no impediment in sanctioning the Scheme, which appears to be fair and reasonable and not contrary to public policy or violative of any provisions of law. All the statutory requirements of Sections 230-232 of the Act appear to have been complied with. Taking into consideration the facts, the Company Petition is allowed and the Scheme annexed with the Petition is hereby sanctioned, with the Appointed date fixed as April 1, 2019. The Petitioner Company-1/Transferor Company be dissolved without winding up. The scheme is approved - application allowed.
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