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NCLT Mumbai Allows First Motion Merger of Hinduja Leyland Finance with NDL Ventures
Case Law Details
- Case Name
- Hinduja Leyland Finance Limited Vs NDL Ventures Limited (NCLT Mumbai)
- Appeal Number
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- Date of Judgement/Order
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- Courts
- NCLT
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Hinduja Leyland Finance Limited Vs NDL Ventures Limited (NCLT Mumbai)
The National Company Law Tribunal (NCLT), Mumbai Bench, considered the first motion application seeking approval of a Scheme of Amalgamation between Hinduja Leyland Finance Limited (Transferor Company) and NDL Ventures Limited (Transferee Company) under Sections 230 to 232 of the Companies Act, 2013. The Transferor Company is an unlisted public company and NBFC-Asset Finance Company (NBFC-AFC) engaged in financing, lending, leasing, hire-purchase, and loan syndication, while the Transferee Company is a liste...
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