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2021 (2) TMI 55 - NATIONAL COMPANY LAW TRIBUNAL, SPECIAL BENCH, MUMBAIApproval of Composite Scheme of Arrangement and Amalgamation - sections 230 to 232 read with section 66 of the Companies Act 2013 - HELD THAT:- From the material on record, the Composite Scheme of Arrangement and Amalgamation pursuant to section 230 to 232 read with section 66of the Companies Act, 2013 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, the Company Petition filed by the Petitioner Companies is made absolute. The Scheme is hereby sanctioned and the appointed date of the Scheme is fixed as 1st April, 2018. The Transferor Company be dissolved without winding-up after this Scheme becomes effective. Application allowed.
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