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2020 (5) TMI 67 - Tri - Companies LawSanction of scheme of amalgamation - sections 230 to 232 of the Companies Act, 2013 - in the entire undertakings of the transferor companies as a going concern together with all the assets and liabilities relating thereto is proposed to be transferred to and be vested in the transferee company on the terms and conditions and in the manner fully stated therein - HELD THAT:- The scheme of amalgamation mentioned in paragraph "1" of this petition being annexure A1 hereto be sanctioned by this hon'ble Tribunal to be binding with effect from the April 1, 2017 or from such other date as this hon'ble court may fix on transferor companies and transferee company. All the properties, rights and interest of transferor companies be transferred to and be vested without further act or deed in transferee company and accordingly the same shall pursuant to sections 230 to 232 of the Companies Act, 2013 be transferred to and be vested in transferee company for all the estate and interest of transferor companies subject never the less to all charges now affecting the same. Petition disposed off.
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