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NATIONAL COMPANY LAW TRIBUNAL
Shri. Prabhat Kumar, J, Shri V. G. Bisht, Hon’ble Member (Technical), Hon’ble Member (Judicial),
LMCS Infra Holdings Private Limited – Appellant
Versus
LMCS Maritime Private Limited – Respondent
| Table of Content |
|---|
| 1. amalgamation of companies and their business activities. (Para 1 , 2 , 3) |
| 2. approval of scheme by board of directors. (Para 4 , 5) |
| 3. details of asset transfer and compliance with statutory requirements. (Para 6 , 7 , 8 , 9) |
| 4. clarifications and objections regarding employee interests and compliance. (Para 10 , 11) |
| 5. court's assessment of legality and fairness of the scheme. (Para 12 , 13) |
| 6. final order and directions for compliance. (Para 14 , 15 , 16 , 17) |
1. The present scheme is a Scheme of Amalgamation of LMCS Infra Holdings Private Limited (“Transferor Company”) with LMCS Maritime Private Limited (“Transferee Company”) and their respective shareholders and creditors with effect from appointed date (hereinafter defined) and upon occurrence of effective date (hereinafter defined). In addition, this scheme of Amalgamation also provides for various other matters consequential or otherwise integrally connected therewith.
3. The Transferee Company is engaged in the business of ship owning, ship management of own ships and of others; to act as agents, brokers, technical representatives and managers in the acquisition, sale, construction, repairing, chartering and fre
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