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NCLT Allahabad Sanctions India Glycols’ Demerger of Biopharma and Spirits Businesses

Case Law Details

Case Name
In re India Glycols Limited (NCLT Allahabad)
Date of Judgement/Order
Only available for paid members
Courts
NCLT
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In re India Glycols Limited (NCLT Allahabad) NCLT Allahabad Sanctions India Glycols’ Demerger Of Biopharma, Spirits & Biofuel Businesses The National Company Law Tribunal (NCLT), Allahabad Bench, considered a joint second motion petition filed under Sections 230 and 232 of the Companies Act, 2013 read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, seeking sanction of a Scheme of Arrangement involving the demerger of the Biopharma Undertaking and the Spirits and Biofuel Undertaking from India Glycols Limited into Ennature Bio Pharma Limited and IGL Spiri...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,043

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