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    <title>2020 (12) TMI 1091 - NATIONAL COMPANY LAW TRIBUNAL , BENGALURU BENCH</title>
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    <description>The Tribunal sanctioned the Scheme of Arrangement between the Transferor Company and the Resulting Company, effective from April 1, 2019. The demerger involves transferring all assets, liabilities, and legal proceedings related to the Apparel Division of the Transferor Company to the Resulting Company. The sanction requires compliance with all statutory obligations, including payment of stamp duty and taxes, and mandates the filing of statutory returns. The Tribunal&#039;s order does not exempt the companies from any future actions by authorities for potential violations. The petition and all pending interlocutory applications are disposed of.</description>
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      <description>The Tribunal sanctioned the Scheme of Arrangement between the Transferor Company and the Resulting Company, effective from April 1, 2019. The demerger involves transferring all assets, liabilities, and legal proceedings related to the Apparel Division of the Transferor Company to the Resulting Company. The sanction requires compliance with all statutory obligations, including payment of stamp duty and taxes, and mandates the filing of statutory returns. The Tribunal&#039;s order does not exempt the companies from any future actions by authorities for potential violations. The petition and all pending interlocutory applications are disposed of.</description>
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