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NATIONAL COMPANY LAW TRIBUNAL
ANIL RAJ CHELLAN, MEMBER (TECHNICAL), K. R. SAJI KUMAR, MEMBER (JUDICIAL)
Springwel Mattresses Private Limited – Appellant
Versus
Sleep Management Private Limited – Respondent
| Table of Content |
|---|
| 1. application for amalgamation of two companies. (Para 1 , 2 , 3) |
| 2. benefits of amalgamation outlined. (Para 4 , 5 , 6) |
| 3. share capital details of both companies. (Para 7 , 8 , 9) |
| 4. consent from shareholders and creditors obtained. (Para 10 , 11 , 12) |
| 5. procedural compliance for creditor notifications. (Para 13 , 14 , 15) |
| 6. direction for serving notices to authorities. (Para 16 , 17 , 18) |
| 7. obligations for affidavit of service. (Para 19 , 20 , 21) |
| 8. final order and approval of the application. (Para 22 , 23 , 24) |
ORDER
1. This First Motion Company Application is a Scheme of Amalgamation (Scheme) between Sleep Management Private Limited (Transferor Company), and Springwel Mattresses Private Limited (Transferee Company) (Applicant Companies) under the provisions of Sections 230- 232 and other applicable provisions of the Companies Act, 2013 (Act) read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (CCAA Rules).
2. The registered offices of both the Applicant Companies are situated in the State of Maharashtra and thus, the subject-matter of this Company Application is within the territorial jurisdiction of this Tribunal.
3. The Applicant Comp
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