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NATIONAL COMPANY LAW TRIBUNAL
SMT. LAKSHMI GURUNG, SH. HARIHARAN NEELAKANTA IYER, JJ
JK FILES & ENGINEERING LIMITED VS
| Table of Content |
|---|
| 1. sanction of the tribunal is sought for composite scheme of arrangement. (Para 1 , 2 , 3) |
| 2. composition and relation among petitioner companies. (Para 4 , 5) |
| 3. regulatory compliance and appointed date of the scheme. (Para 6 , 7 , 8 , 9 , 10 , 11 , 12) |
| 4. details regarding the assets, liabilities and share capital. (Para 14 , 15 , 16 , 17 , 18 , 19) |
| 5. observations of the regional director and official liquidator. (Para 20 , 21 , 23 , 24) |
| 6. scheme found fair, reasonable, and compliant with law. (Para 33 , 34 , 35 , 36) |
| 7. confirmation of approval of scheme by tribunal. (Para 37 , 38 , 39 , 40) |
| 8. sanction granted to the composite scheme of arrangement. (Para 41 , 42 , 43 , 44) |
ORDER
1. Heard Learned Counsel for the Petitioner Companies, and the representative of the Regional Director Western Region, Ministry of Corporate Affairs, Mumbai.
2. The sanction of this Tribunal is sought under Sections 230 to 232 read with Section 66 and other applicable provisions of the Companies Act, 2013 and in the matter of Composite Scheme of Arrangement between JK Files & Engineering Limited (‘First Petitioner Company’/ ‘Demerged Company 1’) and JK Maini Precision Technology Limited (forme
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