https://www.taxtmi.com/caselaws?id=417818 The NCLT, Kolkata sanctioned the amalgamation scheme between Givetake Trade & Credit Pvt. Ltd. and Indian Compressors Limited, transferring all properties, rights, and liabilities of the Transferor Company to the Transferee Company. The scheme was approved by the Board of Directors, creditors, and statutory authorities, with no objections raised. The scheme aimed to consolidate assets, protect employees' interests, and establish a larger company. The Income Tax Department's rights were safeguarded, and the Official Liquidator confirmed a smooth transfer of business. The scheme is binding from 01.04.2018, with the transfer of properties and liabilities completed. en-us Fri, 21 Jan 2022 00:00:00 +0530 Wed, 02 Feb 2022 08:45:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417818 The NCLT, Kolkata sanctioned the amalgamation scheme between Givetake Trade & Credit Pvt. Ltd. and Indian Compressors Limited, transferring all properties, rights, and liabilities of the Transferor Company to the Transferee Company. The scheme was approved by the Board of Directors, creditors, and statutory authorities, with no objections raised. The scheme aimed to consolidate assets, protect employees' interests, and establish a larger company. The Income Tax Department's rights were safeguarded, and the Official Liquidator confirmed a smooth transfer of business. The scheme is binding from 01.04.2018, with the transfer of properties and liabilities completed. Case-Laws Companies Law Fri, 21 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417818