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Ford Group Merger Advances as NCLT Waives Shareholder Meetings & Orders Creditor Meetings
Case Law Details
- Case Name
- In re Ford Motor Private Private 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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In re Ford Motor Private Private Limited (NCLT Chennai)
The National Company Law Tribunal (NCLT), Chennai Bench, allowed company applications filed by Ford Motor Private Limited (Transferor Company) and Ford India Private Limited (Transferee Company) under Sections 230 to 232 of the Companies Act, 2013 seeking directions in relation to a Scheme of Arrangement (Amalgamation). The Scheme proposes the merger of the Transferor Company into the Transferee Company as a going concern, with the Transferor Company to be dissolved without winding up upon the Scheme becoming effective.
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