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    <title>2020 (12) TMI 500 - NATIONAL COMPANY LAW TRIBUNAL , BENGALURU BENCH</title>
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    <description>The Tribunal sanctioned the Scheme of Arrangement between the Demerged Company and the Transferee Company, finding it fair and reasonable. The Scheme involves transferring the Services Undertaking from the Demerged Company to the Transferee Company, with the Appointed Date set as the Effective Date. All liabilities, including taxes and duties, will transfer to the Transferee Company, subject to compliance with statutory requirements, including FEMA/RBI regulations and Section 188 of the Companies Act, 2013. The Tribunal directed the delivery of certified copies of the Order and Scheme to the Registrar of Companies within thirty days and allowed for further directions or objections.</description>
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      <description>The Tribunal sanctioned the Scheme of Arrangement between the Demerged Company and the Transferee Company, finding it fair and reasonable. The Scheme involves transferring the Services Undertaking from the Demerged Company to the Transferee Company, with the Appointed Date set as the Effective Date. All liabilities, including taxes and duties, will transfer to the Transferee Company, subject to compliance with statutory requirements, including FEMA/RBI regulations and Section 188 of the Companies Act, 2013. The Tribunal directed the delivery of certified copies of the Order and Scheme to the Registrar of Companies within thirty days and allowed for further directions or objections.</description>
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