NATIONAL COMPANY LAW TRIBUNAL
SUBRATA KUMAR DASH, MEMBER (TECHNICAL), MAHENDRA KHANDELWAL, MEMBER (JUDICIAL)
PURVI CREDIT AND HOLDINGS PRIVATELIMITED VS
| Table of Content |
|---|
| 1. joint petition for amalgamation filed under companies act provisions. (Para 1 , 2 , 6) |
| 2. details of transferor and transferee companies. (Para 3 , 4 , 5) |
| 3. tribunal evaluates and approves schemes based on stakeholder interests. (Para 20 , 21 , 22) |
ORDER
PER: SUBRATA KUMAR DASH, MEMBER (TECHNICAL)
1. The present Joint Petition is filed by the Petitioner Companies herein M/s Purvi Credit And Holdings Private Limited (Transferor Company No. 1/Petitioner No.1), M/s VRB Fin Stock Private Limited (Transferor Company No. 2/Petitioner No.2), M/s Intime Vinimay Private Limited (Transferor Company No. 3/Petitioner No.3), and M/s VRB Financial Services Private Limited (Transferee Company/Petitioner No.4) under Section 230 -232 of the Companies Act, 2013 read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, and the National Company Law Tribunal Rules, 2016, for the purpose of the Sanction of the proposed Scheme of Amalgamation of the Transferor Companies with VRB Financial Services Private Limited (Transferee Company/Petitioner No. 4). The copy of the Scheme of Amalgamation (hereinafter referred as the “Scheme”), has been placed on record.
2. The
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