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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)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
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- 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...




