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2020 (9) TMI 379 - Tri - Companies LawSanction of Amalgamation scheme - Sections 230 to 232 of the Companies Act, 2013 - HELD THAT:- The Scheme appears to be fair and reasonable and does not violate any provisions of law and is not contrary to public policy or public interest - Since all the requisite statutory compliances have been fulfilled, Petition have been made absolute in terms of prayer Clause 32(a) of the Petition mentioned therein. The Scheme of Amalgamation (Merger by Absorption) is sanctioned hereby, and the Appointed Date of the Scheme is 1stApril, 2019. The Transferor Company is dissolved without winding up - The Petitioner Companies are directed to lodge a certified copy of this order and the Scheme of Amalgamation (Merger by Absorption) with the concerned Superintendent of Stamps, for the purpose of adjudication of stamp duty payable, if any, on the same within 60 days from the date of receipt of the order. Petition allowed subject to conditions imposed.
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