https://www.taxtmi.com/caselaws?id=399725 The National Company Law Tribunal approved the Scheme of Amalgamation for the merger of Cheese Land Agro (India) Private Limited with Prabhat Dairy Limited, along with their respective shareholders, with the appointed date set as 1st October 2018. The rationale behind the merger includes synergies in business operations, efficiencies, and regulatory compliance simplification. The Scheme, structured under section 230(1)(b) of the Companies Act, 2013, does not affect creditors' rights, ensuring payment to Unsecured Creditors. No shareholder or creditor meetings are deemed necessary for approval, and directions are issued for necessary notifications and compliance. en-us Tue, 26 May 2020 00:00:00 +0530 Sat, 17 Oct 2020 13:13:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399725 The National Company Law Tribunal approved the Scheme of Amalgamation for the merger of Cheese Land Agro (India) Private Limited with Prabhat Dairy Limited, along with their respective shareholders, with the appointed date set as 1st October 2018. The rationale behind the merger includes synergies in business operations, efficiencies, and regulatory compliance simplification. The Scheme, structured under section 230(1)(b) of the Companies Act, 2013, does not affect creditors' rights, ensuring payment to Unsecured Creditors. No shareholder or creditor meetings are deemed necessary for approval, and directions are issued for necessary notifications and compliance. Case-Laws Companies Law Tue, 26 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399725