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2021 (7) TMI 444 - NATIONAL COMPANY LAW TRIBUNAL , KOCHI BENCHSeeking sanction of the Scheme of Amalgamation - Sections 230 to 232 of the Companies Act, 2013 - HELD THAT:- From the materials placed on record, the Scheme of Amalgamation appears to be fair and reasonable and does not violate any provisions of law and is not contrary to public policy - Since all the requisite statutory compliances have been made under Sections 230 and 232 of the Companies Act, 2013, this Tribunal finds that the Scheme of Amalgamation annexed with the petition can be sanctioned and made absolute in terms of the prayer in the said Company Petition. The Scheme is sanctioned, which shall be binding on the Shareholders, Creditors and employees of the Petitioner Companies. The appointed date of the Scheme is fixed as opening hours of 1st April, 2019 for Cochin Surfactants Private Limited (Transferor Company) and Active Char Products Private Ltd. (Transferee Company). Petition disposed off.
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