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NATIONAL COMPANY LAW TRIBUNAL
Bidisha Banerjee, Judicial Member, D. Arvind, Technical Member
KESORAM INDUSTRIES LTD VS
| Table of Content |
|---|
| 1. application for scheme meetings directions filed (Para 1 , 2) |
| 2. applicant's submissions on approvals and consents (Para 3) |
| 3. dispensing meetings for consenting classes; convening equity shareholders (Para 4) |
| 4. notices to regulators and reporting requirements (Para 5 , 6 , 7) |
| 5. application disposed with certified copy provision (Para 8 , 9) |
ORDER
Per: Bidisha Banerjee, Member (Judicial)
1. The instant application has been filed in the first stage of the proceedings under Section 230(1) read with Section 232(1) of the Companies Act, 2013 (“Act”) for orders and directions with regard to meetings of shareholders and creditors in connection with the Scheme of Arrangement between Kesoram Industries Limited, being the Demerged Company abovenamed ("Demerged Company") and UltraTech Cement Limited, being the Resulting Company abovenamed ("Resulting Company") and their respective shareholders, whereby and whereunder the Cement Business division (Demerged Undertaking) of the Demerged Company is proposed to be transferred to and vested in the Resulting Company from 1st April, 2024 (“Appointed Date”) on the terms and conditions fully stated in the said Scheme of Arrangement (“Sch
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