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NCLT Approves Demerger Scheme: Raymond Limited & Raymond Lifestyle
Case Law Details
- Case Name
- Raymond Limited Vs Raymond Lifestyle Limited (NCLT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
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- Courts
- NCLT
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Raymond Limited Vs Raymond Lifestyle Limited (NCLT Mumbai)
Raymond Limited and Raymond Lifestyle Limited (formerly known as Raymond Consumer Care Limited) approached the National Company Law Tribunal (NCLT), Mumbai, seeking approval for a Composite Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013. The scheme aimed to demerge Raymond Limited (RL), a leading Indian textile and apparel company with diversified business interests, into two distinct entities: Raymond Lifestyle Limited (RLL) and Ray Global Consumer Trading Limited (RG).
The demerger was proposed to segregat...
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