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NATIONAL COMPANY LAW TRIBUNAL
ANIL RAJ CHELLAN, Technical Member, K. R. SAJI KUMAR, Judicial Member
SHAH FINANCIAL SERVICES LIMITED – Appellant
Versus
SHAH PAPER MILLS LIMITED – Respondent
| Table of Content |
|---|
| 1. application for merger under companies act regulations (Para 1 , 2 , 3) |
| 2. details of the companies and the benefits of the merger (Para 4 , 5) |
| 3. procedure and compliance for the meetings of shareholders and creditors (Para 10 , 12 , 14) |
| 4. approval of the scheme with directed statutory procedures (Para 22 , 26 , 30) |
ORDER
1. This First Motion Company Application is for the Scheme of Amalgamation (by Merger by Absorption) (Scheme) of Shah Financial Services Limited and Shah Paper Mills Limited (Applicant Companies), and their shareholders under the provisions of Sections 230 -232 of the Companies Act, 2013 (Act) read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (CCAA Rules).
2. The registered office of the Applicant Companies is situated in the State of Maharashtra, and thus, the subject matter of this Company Application is within the territorial jurisdiction of this Tribunal.
3. The Applicant Companies state that the Board of Directors of the Applicant Companies, in their Board meeting held on 01.11.2025, have approved the proposed Scheme. Certified true copy of the Board Resolution has been placed on record. The Appointed Date fixed
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