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TMI Blog2018 (10) TMI 2009X X X X Extracts X X X X X X X X Extracts X X X X ..... airs, Registrar of Companies, West Bengal, Ministry of Corporate Affairs and the concerned Assessing Officer along with the Chief Commissioner of Income Tax with PAN numbers of the Petitioner Companies and also the Official Liquidator, having jurisdiction over the Transferor and Transferee Companies, by hand delivery through personal messenger or by Registered Post or by Speed Post and by Electronic mail. Petition disposed off. - Shri Madan B Gosavi, Member (Judicial) For the Applicants : Ms. Bidisha Achari, Pr. CS. ORDER PER SHRI MADAN B GOSAVI, MEMBER (JUDICIAL) 1. The object of this petition is to obtain sanction of this Tribunal to the Scheme of Amalgamation proposed to be made between (1) Narsingh Ispat Li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... will also result in the larger pool of various resources as well as manpower and will create a synergy, which will enable NIL to grow and prosper at a faster pace. The amalgamation of the companies will pave the way for better and more efficient utilization of larger resources and funds. 7. It is submitted in the petition that the aggregate assets of the Petitioner Companies are sufficient to meet all their liabilities and said scheme will not adversely affect the rights of any of the creditors of the Petitioner Companies in any manner whatsoever and due provisions have been made for payment of all the liabilities as and when the same fall due. 8. Vide order dated 20% July, 2018, made in the Company Application CA (CAA) No. 414/KB/201 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8. 13, In terms of the said Order dated 20th July, 2018, Notice in form CAA.3 along with a copy of Scheme of Amalgamation and statement disclosing necessary details required under Section 230 of the Companies Act, 2013 was duly served upon the Central Government through the Regional Director, Eastern Region, Ministry of Corporate Affairs, Registrar of Companies, West Bengal, Ministry of Corporate Affairs, the Official Liquidator attached to the Hon ble High Court, Calcutta and the Income Tax Department along with the Chief Commissioner of Income Tax having jurisdiction over the Transferee and the Transferor Companies. 14. In compliance with Rule 12 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, the Petitio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ered Post or by Speed Post and by Electronic mail. 19. The notice shall specify that representation, if any, should be filed before this Tribunal within 30 days of the date of receipt of the notice with a copy of such representation being sent simultaneously to the Petitioners and their Authorized Representatives and if no such representation is received by the Tribunal within the said period, it shall be presumed that such authorities have no representation to make on the Scheme of Amalgamation. 20, Let the advertisement of the hearing of this petition be published once in the English daily, The Business Standard and another in the Bengali daily newspaper, Aajkal same as was earlier made in first motion, stating the PAN numbers o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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