Amalgamation Approved Subject to Income Tax & GST Authorities Statutory Rights: NCLT Mumbai

Advertisement Jaypore E-Commerce Private Limited Vs TG Apparel & Decor Private Limited (NCLT Mumbai) The Mumbai Bench of the National Company Law Tribunal (NCLT) sanctioned a Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013 involving two wholly owned subsidiary companies and their parent company. The Scheme had been approved by the respective Boards of Directors, with the appointed date fixed as 01.04.2026, and was placed before the Tribunal after compliance with its earlier directions. The petitioners submitted that the proposed amalgamation would simplify th...