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NATIONAL COMPANY LAW TRIBUNAL
Sh. Sushil Mahadeorao Kochey, Member (Judicial), Sh. Charanjeet Singh Gulati, Member (Technical)
Sika MBCC India Private Limited – Appellant
Versus
Sika India Private Limited – Respondent
| Table of Content |
|---|
| 1. petition seeks tribunal sanction of amalgamation under companies act. (Para 1 , 2) |
| 2. no objections raised; compliance with statutory framework established. (Para 3 , 4 , 7 , 8) |
| 3. the tribunal recognized absence of legal violations and public interest. (Para 5 , 6 , 11) |
| 4. observations from regional directorate addressed adequately by petitioners. (Para 9 , 10) |
| 5. final sanction of the scheme with prescribed effective date confirmed. (Para 12 , 15) |
ORDER
1. In this Petition, sanction of this Tribunal is sought under Sections 230 to 232 of the Companies Act, 2013 , to the Scheme of Amalgamation (Scheme) between Sika MBCC India Private Limited (First Petitioner Company /Transferor Company) and Sika India Private Limited (Second Petitioner Company/Transferee Company), (hereinafter jointly referred to as the Petitioner Companies), and their respective shareholders.
2. We have heard the Ld. Counsel for the Petitioner Companies and the representative of the Regional Director, Western Region, Ministry of Corporate Affairs, Mumbai. Neither any person objected to the Scheme nor any party controverted any averments made in the Petition.
3. The Board of Directors of the Petitione
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