https://www.taxtmi.com/caselaws?id=292195 The National Company Law Tribunal, Mumbai Bench, approved the Scheme of Merger by Absorption between two companies, BP INDIA LIMITED and BP INDIA SERVICES PRIVATE LIMITED, under Sections 230 to 232 of the Companies Act, 2013. The Tribunal found the Scheme to be fair, reasonable, and compliant with relevant laws. All necessary statutory compliances were met, leading to the Consolidated Company Petition being made absolute. The Petitioner Companies were directed to lodge the Order and Scheme with the Registrar of Companies and Superintendent of Stamps within specified timelines. Additionally, the Petitioner Companies were instructed to pay costs to relevant authorities as specified in the judgment for the successful implementation of the merger. en-us Thu, 10 Jan 2019 00:00:00 +0530 Fri, 11 Dec 2020 12:00:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292195 The National Company Law Tribunal, Mumbai Bench, approved the Scheme of Merger by Absorption between two companies, BP INDIA LIMITED and BP INDIA SERVICES PRIVATE LIMITED, under Sections 230 to 232 of the Companies Act, 2013. The Tribunal found the Scheme to be fair, reasonable, and compliant with relevant laws. All necessary statutory compliances were met, leading to the Consolidated Company Petition being made absolute. The Petitioner Companies were directed to lodge the Order and Scheme with the Registrar of Companies and Superintendent of Stamps within specified timelines. Additionally, the Petitioner Companies were instructed to pay costs to relevant authorities as specified in the judgment for the successful implementation of the merger. Case-Laws Companies Law Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292195