Back
NATIONAL COMPANY LAW TRIBUNAL
DR. SANJEEV RANJAN, SHRI BACHU VENKAT BALARAM DAS, JJ
ART Business & Consumer Finance (India) Private Limited – Appellant
Versus
Yes Capital (India) Private Limited – Respondent
| Table of Content |
|---|
| 1. background of the companies involved (Para 1 , 2 , 3 , 4 , 5 , 6) |
| 2. approval of the proposed scheme (Para 8 , 9 , 10) |
| 3. details of the amalgamation scheme (Para 11 , 12) |
| 4. responses and compliance from authorities (Para 17 , 18 , 20 , 21) |
| 5. legal implications of the scheme (Para 22 , 24) |
| 6. judicial stance on corporate decisions (Para 26 , 27 , 28) |
| 7. sanctioning the scheme (Para 29 , 30 , 31) |
| 8. final order and directions (Para 34 , 35) |
ORDER
PER: DR. SANJEEV RANJAN, MEMBER (TECHNICAL)
1. The present Second Motion Petition has been filed jointly by the Transferor Companies under Sections 230-232 of the Companies Act, 2013 (Act) read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (Rules) to obtain the Sanction and approval of this Adjudicating Authority to the proposed Scheme of Amalgamation (Absorption) between ART Business & Consumer Finance (India) Private Limited/Transferor Company No. 2/Applicant Company No.1 and ART Corporate Finance (India) Private Limited/Transferor Company No. 3/Applicant Company No.2 and their respective shareholders.
2. The Applicant Company No. 1 namely ART Business and Consumer Finance (India) Private Limited b
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
