NCLT Chandigarh approves first motion for amalgamation of 10 transferor companies into SAT Expo Overseas Private Limited.
Tribunal dispenses with shareholder and creditor meetings due to 100% consent from all equity holders and majority unsecured creditors.
The scheme aims to achieve operational synergies and administrative efficiencies within the real estate promoter group.
Appointed date for the amalgamation is set for April 1, 2026, pending final NCLT approval.