NCLT Dispenses With Stakeholder Meetings for Merger Involving Wholly Owned Subsidiary & Parent Company

AmberPR Technoplast India Private Limited Vs Amber Enterprises India Limited (NCLT Chandigarh) The joint first motion application was filed under Sections 230 to 232 of the Companies Act, 2013, read with the Companies (Compromises, Arrangements and Amalgamation) Rules, 2016, seeking approval for the amalgamation of AmberPR Technoplast India Private Limited, the transferor company, with Amber Enterprises India Limited, the transferee company. The applicant companies also sought dispensation of the requirement to convene meetings of their equity shareholders, secured creditors and unsecured cred...