NATIONAL COMPANY LAW TRIBUNAL
Sanjiv Jain, Venkataraman Subramaniam, JJ
ZF RANE AUTOMOTIVE INDIA PRIVATE LIMITED VS
| Table of Content |
|---|
| 1. demerger scheme details and rationale. (Para 1 , 3 , 4) |
| 2. reliefs sought by applicant companies. (Para 2 , 5 , 6) |
| 3. tribunal's review of application and documents. (Para 8 , 9 , 10) |
| 4. directions issued by the tribunal. (Para 11 , 12 , 13 , 14) |
| 5. application disposed of. (Para 15) |
ORDER
1. This is an Application filed by M/s. ZF Rane Automotive India Private Limited (hereinafter referred as the “1st Applicant/Demerging/Transferor Company”) and M/s ZF Lifetec Rane Automotive India Private Limited (hereinafter “2nd Applicant/Resulting/Transferee Company) and its Shareholders under section 230-232 of Companies Act, 2013 and other applicable provisions of the Companies Act, 2013 read with Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 in relation to the Scheme of Demerger (hereinafter referred to as the “SCHEME”) proposed by the Applicant Companies herein with its Shareholders. The Scheme is placed in Page no. 433-457 of the Application Typeset.
2. The Applicant Companies in this Company Application have sought for the following reliefs;
| PARTICULARS | EQUITY SHAREHOLDERS | PREFERENCE SHAREHOLDERS | SECURED CREDITORS | UNSECURED CREDITORS |
| DEMERGED COMPANY/ APPLICAN | ||||
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