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2024 Supreme(Online)(NCLT) 834

NATIONAL COMPANY LAW TRIBUNAL
Bidisha Banerjee, Balraj Joshi, JJ
LAL BABA SEAMLESS TUBES PRIVATE LIMITED VS


Advocates:
For the Petitioner:S Jaykishan

ORDER

1. This Court is congregated through hybrid mode.

2. The instant application has been filed in the first stage of the proceedings under Section 230(1) read with Section 232(1) of the Companies Act, 2013 (“Act”)

for order/s and direction/s with regard to dispensation of meetings of Equity Shareholders, Preference Shareholders, Creditors (Secured and Unsecured) in connection with the Composite Scheme of Arrangement of Lalbaba Industrial Corporation Private Limited being the Applicant No. 1 above named (“Demerged Company”), PEW Engineering Private Limited being the Applicant No. 2 above named (“Transferor Company”) with Lal Baba Seamless Tubes Private Limited being the Applicant Company 3 above named (“Resulting Company/Transferee Company”) for Demerger and vesting of Uluberia Unit (“Demerged Undertaking”) of Lalbaba Industrial Corporation Private Limited (“Demerged Company”) into Lal Baba Seamless Tubes Private Limited (“Resulting Company”) on a going concern basis and Amalgamation of PEW Engineering Private Limited (“Transferor Company”) with Lal Baba Seamless Tubes Private Limited (“Transferee Company”) from the Appointed Date, viz 1st April 2023, in the manner and as per the te

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