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NATIONAL COMPANY LAW TRIBUNAL
Dr. Venkata Ramakrishna Badarinath Nandula, Member (Judicial), Shri Charan Singh, Member (Technical)
M/s. Anjar Integrated Textile Park Developers Pvt Ltd – Appellant
Versus
M/s. Welspun Living Ltd – Respondent
| Table of Content |
|---|
| 1. petition for amalgamation under companies act. (Para 1) |
| 2. scheme sanctioned confirming compliance with all statutory requirements. (Para 14 , 15) |
| 3. court's final ruling on the case. (Para 16) |
PER-BENCH
1. This is a Petition filed by the Petitioner Company under Section 230 - 232 of the Companies Act, 2013 and read with Rule 3 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and other applicable provisions of the by inter-alia praying for sanction of the Scheme of Amalgamation of Anjar Integrated Textile Park Developers Private Limited (“the Transferor Company 1”) and Anjar Terry Towels Limited (“the Transferor Company 2”) and Besa Developers and Infrastructure Private Limited (“the Transferor Company 3”) and Welspun Zucchi Textiles Limited (“the Transferor Company 4”) and Welspun Flooring Limited (“the Transferor Company 5”) with Welspun Living Limited (formerly known as Welspun India Limited) (“the Transferee Company”) and their respective shareholders (‘Scheme’) so as to be binding on all the members, creditors and employees and all concerned.
2. The averments made in the Petition are briefly described as under:
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