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NATIONAL COMPANY LAW TRIBUNAL
Mr. Praveen Gupta, Mr. Ashish Verma, JJ
SAS COLONISERS PRIVATE LIMITED – Appellant
Versus
SHALIMAR CORP LIMITED – Respondent
| Table of Content |
|---|
| 1. jurisdiction of tribunal and parties involved. (Para 1 , 2) |
| 2. details of initial petition and compliance. (Para 3 , 4) |
| 3. notification and publication requirements met. (Para 5 , 6 , 7) |
| 4. responses and reports by statutory authorities. (Para 8 , 9 , 10) |
| 5. objections and clarifications on the amalgamation scheme. (Para 11 , 12 , 13) |
| 6. petitioners' rebuttals to objections regarding tax and compliance. (Para 14 , 15 , 16) |
| 7. court's assessment of compliance and objections. (Para 17 , 18 , 19) |
| 8. sanctioning of the scheme under companies act. (Para 20 , 21 , 22) |
| 9. final sanction and order by the tribunal. (Para 23) |
| 10. implementation and effectiveness of the scheme. (Para 24 , 25) |
| 11. administrative requirements post-sanction. (Para 26 , 27 , 28) |
| 12. closure of the company petition process. (Para 29 , 30 , 31 , 32 , 33) |
ORDER
1. This is a Joint Second Motion Peti tion filed by the Petitioner Companies No. 1 to 3 above named (falling within the jurisdiction of this tribunal) under Sections 230 & 232 of the Companies Act, 2013 , read with Rule 16 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, and other applicable provisions, for the time being i
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