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NATIONAL COMPANY LAW TRIBUNAL
Bidisha Banerjee, Member (Judicial), Arvind Devanathan, Member (Technical)
Springway Mining Private Limited – Appellant
Versus
JSW Cement Limited – Respondent
| Table of Content |
|---|
| 1. observations on compliance with procedural and regulatory norms. (Para 1 , 7 , 8) |
| 2. details of amalgamation scheme and its benefits. (Para 2 , 3) |
| 3. arguments presented by the petitioner's counsel regarding necessity and compliance. (Para 4) |
| 4. sanction of the amalgamation scheme by the tribunal. (Para 9) |
| 5. final orders by the tribunal regarding the implementation of the scheme. (Para 10 , 11 , 12) |
ORDER
Per: Bidisha Banerjee, Member (Judicial)
1. This Court is convened through hybrid mode.
2. The instant petition has been filed under Section 230(6) of the Companies Act, 2013 (“Act”) for sanction of the Scheme of Amalgamation of whereby and where under the Transferor Company No. 1 and Transferor Company No. 2 are proposed to be amalgamated with the Transferee Company from the Appointed Date, being 10th October 2022 in the manner and on the terms and conditions stated in the said Scheme of Amalgamation (“Scheme”). The Transferor Company No. 1 and the Transferor Company No. 2 are collectively referred to as ‘the Transferor Companies.’
| pringway Mining Private Limited | Transferor Company No. 1 |
| NKJA Mining Private Limited | Transferor Company No. 2 |
| JSW Cement Limited | Transferee Co |
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