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NATIONAL COMPANY LAW TRIBUNAL
Smt. Bidisha Banerjee, Member (Judicial), Cmde Siddharth Mishra, Member (Technical)
SVF ENTERTAINMENT PRIVATE LIMITED VS
| Table of Content |
|---|
| 1. court's authority to sanction amalgamations under companies act. (Para 1 , 2 , 20) |
| 2. demonstration of compliance with regulations and proper notifications. (Para 3 , 4 , 17) |
| 3. eligibility and readiness for the scheme as stated by legal advisors. (Para 5 , 6 , 10) |
| 4. strategic benefits of the amalgamation and confirmation by stakeholders. (Para 16 , 22) |
| 5. final verdict providing clearance for amalgamation. (Para 24 , 25) |
ORDER
Per: Siddharth Mishra, Member (Technical)
1. The Court congregated through hybrid mode.
2. The instant petition has been filed in the second stage of the proceedings under Section 230 (6) read with Section 232 (3) of the Companies Act, 2013 (“Act”) for sanction and confirmation of Composite scheme of Amalgamation and Arrangement of ALEXCY MARKETING PVT. LTD. (“TRANSFEREE COMPANY”), VKM TECHNOLOGIES PRIVATE LIMITED (“RESULTING COMPANY”) and SVF ENTERTAINMENT PRIVATE LIMITED (“DEMERGED COMPANY” OR “TRANSFEROR COMPANY”) whereby and whereunder the demerging of the Media Business Undertaking into the Resulting Company and amalgamation of Remaining Business Undertaking of the Transferor Company with Transferee Company is proposed from the Appointed Da
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