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NCLT Approves Amalgamation of Encore IT Services Solutions with Sonata Software
Case Law Details
- Case Name
- Encore I.T. Services Solution Private Limited Vs Sonata Software Limited (NCLT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Encore I.T. Services Solution Private Limited Vs Sonata Software Limited (NCLT Chennai)
The National Company Law Tribunal (NCLT), Chennai Bench-II, sanctioned the Scheme of Amalgamation between Encore I.T. Services Solutions Private Limited (Transferor Company) and Sonata Software Limited (Transferee Company) under Sections 230 to 232 of the Companies Act, 2013. The Scheme was proposed to consolidate the businesses of the two companies, streamline the corporate structure, reduce administrative and compliance costs, eliminate duplication, optimize resources, improve operational...
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