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NATIONAL COMPANY LAW TRIBUNAL
HARNAM SINGH THAKUR, ASHISH VERMA, JJ
Aaralyn Builders & Developers Private Limited – Appellant
Versus
DLF Limited – Respondent
| Table of Content |
|---|
| 1. introduction of amalgamation scheme. (Para 1 , 2) |
| 2. factual background of companies involved. (Para 3) |
| 3. court’s directions on meeting dispensations. (Para 4 , 5 , 6 , 7 , 8) |
| 4. legality of the scheme regarding creditor rights. (Para 73 , 74) |
| 5. final directions and liberty granted. (Para 88 , 89) |
ORDER
1. This is a joint 1st Motion Application filed by the Applicant Companies comprising of 16 transferor companies namely Aaralyn Builders & Developers Private Limited (hereinafter referred to as the “Applicant Company No.1 or Transferor Company No. 1”), Afaaf Builders & Developers Private Limited (hereinafter referred to as the “Applicant Company No. 2 or Transferor Company No. 2”), Akina Builders & Developers Private Limited (hereinafter referred to as the “Applicant Company No.3 or Transferor Company No. 3”), Arlie Builders & Developers Private Limited (hereinafter referred to as the “Applicant Company No. 4 or Transferor Company No. 4”), Atherol Builders & Developers Private Limited (hereinafter referred to as the “Applicant Company No. 5 or Transferor Company No. 5”), Cadence Real Estates Private Limited (hereinafter referred to as the “Applicant Company No. 6 or T
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