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NATIONAL COMPANY LAW TRIBUNAL
SHRI. SUNIL KUMAR AGGARWAL, SHRI. RADHAKRISHNA SREEPADA, JJ
AMAZON TRANSPORTATION SERVICES PRIVATE LIMITED VS
| Table of Content |
|---|
| 1. petition under companies act approved. (Para 1 , 2 , 3) |
| 2. procedural compliance and financial summaries. (Para 4 , 5 , 6 , 7 , 8 , 9) |
| 3. responses to statutory concerns and justifications. (Para 10 , 11 , 12 , 13 , 14) |
| 4. court's endorsement of the merger scheme. (Para 15 , 16 , 17) |
| 5. final order and directions issued. (Para 18 , 19 , 20) |
ORDER
1. This second motion petition has been filed on 28.04.2025 for sanction of the Scheme of Amalgamation between the Petitioner Companies, making it binding on all shareholders and creditors of the Transferor and Transferee Companies, in accordance with Section 232 of the Companies Act, 2013 .
2. Vide order dated 05.02.2025 passed in the First Motion Application bearing C.A (CAA) No. 47/BB/ 2024, the meetings of the Equity shareholders of the Petitioner Companies were dispensed with. Since the Petitioner Companies did not have any preference shareholders and secured creditors, the question of convening a meeting did not arise and the meetings of the unsecured creditors of both Petitioner Companies were convened, and report filed by Chairperson dated 14.04.2025 and the Board of directors have approved the scheme on 21.08.2024.
3.
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