Palco Amalgamation Scheme Gets NCLT Nod for Creditor & Shareholder Meetings

Palco Recycle Industries Limited Vs Palco Metals Limited (NCLT Ahmedabad) The National Company Law Tribunal (NCLT), Ahmedabad, considered a joint application filed under Sections 230 to 232 of the Companies Act, 2013 by the transferor company and the transferee company seeking approval of a proposed Scheme of Arrangement and Amalgamation with an appointed date of 1 April 2025. Both companies had their registered offices within the jurisdiction of the Registrar of Companies, Ahmedabad, Gujarat. The boards of both companies approved the scheme through resolutions passed in June 2025. The transfe...