NCLT Dispenses with Creditor Meetings as Demerger Scheme Does Not Affect Their Rights

Sammaan Finserve Limited Vs Sammaan Capital Limited (NCLT Delhi) NCLT Approves First Motion Directions Because 100% Shareholder Consent Was Obtained;  Equity Shareholders’ Meeting Ordered Because Resulting Company Has Public Shareholding: NCLT Allows Demerger Scheme Application Because No Compromise with Creditors Is Proposed; Demerger Application Allowed Because RBI Approval and Regulatory Requirements Were Satisfied. The National Company Law Tribunal (NCLT), New Delhi, allowed a first motion application jointly filed under Sections 230 to 232 of the Companies Act, 2013 by the Demerged...