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NATIONAL COMPANY LAW TRIBUNAL
SMT. LAKSHMI GURUNG, SHRI. HARIHARAN NEELAKANTA IYER, JJ
VERGO PHARMA RESEARCH PRIVATE LIMITED – Appellant
Versus
VERGO PHARMA RESEARCH LABORATORIES PRIVATE LIMITED – Respondent
| Table of Content |
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| 1. the tribunal heard petitions for amalgamation based on statutory compliance and absence of objections. (Para 1 , 2 , 3) |
| 2. the petitioner companies aim to optimize resource use and streamline operational efficiencies through the merger. (Para 4 , 5 , 6 , 8 , 9) |
| 3. the objections raised were dismissed as irrelevant to the validity of the proposed scheme. (Para 19 , 22 , 23) |
| 4. the tribunal found no serious observations and deemed the scheme fair and reasonable for approval. (Para 24 , 29 , 30 , 31) |
| 5. final approval for the merger scheme was sanctioned, binding all parties to its terms. (Para 33) |
1. Heard the learned Counsel for the Petitioner Companies and Mr. Ramkrishna S. Tare (Mr. Tare), the Objector, and the representatives of the Regional Director, Western Region, Ministry of Corporate Affairs, Mumbai.
2. The sanction of the Tribunal is sought under Sections 230 to 232 of the Companies Act, 2013 read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, to the Scheme of Amalgamation (Merger by Absorption) between VERGO PHARMA RESEARCH PRIVATE LIMITED (“VPR” or “(First Petitioner Company” or “Amalgamating Company” or the “Transferor Company”
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