2021 (1) TMI 1122

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Secretary ORDER Mr. Rajasekhar V.K , J. 1. The court convened by video conference today. 2. The Object of this Application is to seek directions of this Tribunal for dispensation of meetings of shareholders and creditors of Rangoli Creation Private Limited (Transferor Company) with Rangoli Sarees (Transferee Company) Limited, in regard to a scheme of Amalgamation between the said companies and .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ty of common performing platform and benefitting the Shareholders of the Transferor Company and the Transferee Company. This Amalgamation will result in the larger pool of various resources as well as manpower and will create a synergy, which will enable the transferee company to grow and prosper at the faster pace. 7. Learned Counsel for the Applicant Companies Submits That Shareholders of the a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... oncerned Income Tax Authority within jurisdiction the respective Applicant Company's assessments are made, clearly indicating PAN of the company concerned, pursuant to Section 230(5) of the Companies Act, 2013 as per rule 8 of the Companies (Compromises, Arrangements & Amalgamations) Rules, 2016. If no Response is received by the Tribunal within 30 days of the date of receipt of the notice it .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X