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2021 (6) TMI 784 - NATIONAL COMPANY LAW TRIBUNAL , MUMBAI BENCH
Approval of scheme of amalgamation - Reduction of the share capital - reorganisation of reserves of the Transferee Company and their respective Shareholders - Sections 230 to 232 of the Companies Act, 2013 - HELD THAT:- The Scheme appears to be fair, reasonable and is not violative to any provisions of law nor is contrary to public interest. Since all the requisite statutory compliances have been fulfilled, the Company Scheme Petition are made absolute in terms of prayer clauses.
The said Scheme of Arrangement is hereby sanctioned and declared the same to be binding on the Transferor Company and Transferee Company - Application allowed.