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Wholly Owned Subsidiaries’ Merger Approved Subject to Statutory Liabilities: NCLT Mumbai
Case Law Details
- Case Name
- Amba River Coke Limited Vs JSW Steel Limited (NCLT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
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- Courts
- NCLT
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Amba River Coke Limited Vs JSW Steel Limited (NCLT Mumbai)
The Mumbai Bench of the National Company Law Tribunal (NCLT) allowed a company scheme petition under Sections 230 and 232 of the Companies Act, 2013 for the amalgamation of three transferor companies, all wholly owned subsidiaries, with the transferee company. The Scheme of Arrangement had been approved by the respective Boards of Directors on 17.10.2025, with the appointed date fixed as 01.04.2026.
The petitioners submitted that the amalgamation would result in operational efficiency, pooling of technical resources an...
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