NCLT JUDGEMENT ON SECTION 133, 230, 231, 232, 232(3)(I), 233, 234 OF THE COMPANIES ACT, 2013


Orange Associates Private Limited And Ors Vs. Orange Education Private Limited, (2020) 06 NCLT CK 0032

NCLT allowed the application filed by the applicant under Sections 230 to 232 of the Companies Act, 2013 read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and the National Company Law Tribunal Rules, 2016, for the purpose of the approval of the Scheme of Amalgamation. While allowing the application NCLT held that in view of the foregoing, upon considering the approval accorded by the members and creditors of the Petitioner companies to the proposed Scheme, and the affidavits filed by the Regional Director, Northern Region, Ministry of Corporate Affairs and the report of official liquidator, there appears to be no impediment in sanctioning the present Scheme.

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