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NATIONAL COMPANY LAW TRIBUNAL
ANIL RAJ CHELLAN, K. R. SAJI KUMAR, JJ
Rathod Jewellery Manufacturing Private Limited – Appellant
Versus
Avichandra Enterprises Private Limited – Respondent
| Table of Content |
|---|
| 1. application for scheme of arrangement under companies act (Para 1 , 2) |
| 2. nature and rationale of the proposed demerger (Para 3 , 4 , 6) |
| 3. details of assets, liabilities, and shareholder consents (Para 7 , 8 , 9 , 10 , 11 , 12 , 13) |
| 4. procedural directions for creditor meetings (Para 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23) |
| 5. status of creditors for the second applicant company (Para 24 , 25) |
| 6. service of notices to regulatory authorities (Para 26 , 27 , 28) |
| 7. final order and conclusion of the judgment (Para 29) |
ORDER
Per: Coram
1. This is an Application under Section 230-232 of the Companies Act, 2013 (Act) read with Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (CCAA Rules), for approval of Scheme of Arrangement between Rathod Jewellery Manufacturing Private Limited (First Applicant Company) And Avichandra Enterprises Private Limited (Second Applicant Company) and their respective shareholders, collectively referred to as “Applicant Companies”.
2. The Ld. Counsel for the Applicant Companies submits that the present Scheme is a Scheme of Arrangement between Rathod Jewellery Manufacturing Private Limited (Demerged Company) and Avichandra
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