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2025 Supreme(Online)(NCLT) 1546

NATIONAL COMPANY LAW TRIBUNAL
Shri Prabhat Kumar, J, Justice V.G. Bisht (Retd.), Hon’ble Member (Technical), Hon’ble Member (Judicial),
GENESIS COLORS LIMITED VS


Advocates:
For the Appellants/Petitioners:Mr. Gaurav Joshi, Ld. Sr. Advocate, Mr. Mehul Shah, Mr. Haabil Vahanvaty, Mr. Rushabh Gala, Mr. Porus Titina, Mr. Anmol Sharma, Mr. Hiren Kukreja
For the Respondents:

Table of Content
1. composite scheme of arrangement under companies act (Para 1 , 2 , 3)
2. business operations and rationale for amalgamation (Para 4 , 5 , 6)
3. share capital details of transferor companies (Para 7 , 8 , 17)
4. meeting convening and chairperson appointment (Para 18 , 19 , 20)
5. voting and quorum requirements for meetings (Para 21 , 22 , 23)
6. notice requirements for shareholder meetings (Para 24 , 25 , 26)
7. consent of shareholders and dispensation of meetings (Para 27 , 28 , 29)
8. unsecured creditors and their consent (Para 30 , 31 , 32)
9. unsecured creditors' consent and meeting dispensation (Para 33 , 34 , 35)
10. unsecured creditors of transferee company (Para 36 , 37 , 38)
11. majority consent of unsecured creditors (Para 39 , 40 , 41)
12. directives for remaining unsecured creditors (Para 42 , 43 , 44)
13. verification of unsecured creditors (Para 45 , 46 , 47)
14. notice to regulatory authorities (Para 48 , 49 , 50)
15. final order and compliance requirements (Para 51 , 52 , 53)

ORDER

1. The present scheme is the Composite Scheme of Arrangement sought u/s 232 r/w Section 230 r/w Section 66 of the Companies Act, 2013 and other Applicable provisions of the Companies Act

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