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    <title>2020 (11) TMI 60 - NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH</title>
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    <description>The Tribunal approved and sanctioned the Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013, involving the demerger of the Manufacturing Business from Hind Lamps Limited into Bajaj Electricals Limited. The Scheme was found to be fair, reasonable, and compliant with all statutory requirements, benefiting both companies and stakeholders. All necessary approvals were obtained, and the Tribunal directed the Petitioner Company to lodge a copy of the Order with the Registrar of Companies within 60 days. The Scheme was binding on all stakeholders from the Appointed Date of 31 March 2014.</description>
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