NCLT Orders Alkem Shareholders Meeting for Adroit Biomed Merger Scheme

Adroit Biomed Limited Vs Alkem Laboratories Limited (NCLT Mumbai) The National Company Law Tribunal (NCLT), Mumbai Bench, considered a first motion company application under Sections 230 to 232 of the Companies Act, 2013, seeking approval for a Scheme of Amalgamation between a transferor company and its holding company. The transferor company was a wholly owned subsidiary of the transferee company, which is a listed entity on BSE Limited and the National Stock Exchange of India Limited. The registered offices of both companies were situated in Maharashtra, bringing the matter within the Tribun...