NCLT JUDGEMENT ON SECTION 230, 231, 232 OF THE COMPANIES ACT, 2013


Bilaspur Holdings Private Limited And Ors Vs. Rupali Hotels Private Limited, (2020) 05 NCLT CK 0012

NCLT allowed the application filed by the applicant under Sections 230 to 232 of the Companies Act, 2013 (hereinafter referred as "Act, 2013") r/w the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (hereinafter referred as "Rules for the purpose of the approval of the Scheme of Amalgamation, as contemplated between the Companies and its Shareholders by way of Amalgamation of Transferor Companies with the Transferee Company. While allowing the application NCLT held that there is no additional requirement for any modification and the Scheme of Amalgamation appears to be fair and reasonable and is not contrary to public policy and not violative of any provisions of law. All the statutory compliances have been made under Sections 230 to 232 of the Act, 2013.

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