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2020 (12) TMI 595 - Tri - Companies LawApproval of Scheme of amalgamation - Section 230 to 232 of the Companies Act, 2013 - HELD THAT:- Considering the facts and circumstances of the case and on perusal of the Scheme and the documents produced on record, of Amalgamation and the documents placed on record, it appears that the requirements of the provisions of section 230 and 232 of the Companies Act, 2013 are satisfied. However, as per the observation of the Regional Director the appointed date of the Scheme should be modified to 1st April, 2020 instead of 1st April, 2019. The Scheme of Amalgamation, which is annexed as Annexure E to the joint petition, is hereby sanctioned subject to appointed date being modified from 01st April 2019 to 01st April, 2020 and it is declared that the same shall be binding on the Applicant Companies, namely, Prerna Infrastructures Private Limited and Aditya Timpack Private Limited and their Shareholders and Creditors, and all concerned under the Scheme - Petition is allowed.
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