NCLT Ahmedabad approves Scheme of Amalgamation for two wholly-owned subsidiaries, Pointleap Projects and Superheights Infraspace, into Adani Electricity Mumbai Limited.
Tribunal dispenses with meetings for all equity shareholders, secured, and unsecured creditors of all three companies based on unanimous written consents.
The appointed date for the amalgamation is set for 01 April 2025, aiming to streamline operations and achieve cost optimization.
Applicants directed to notify regulatory authorities including Regional Director, ROC, Income Tax, and RERA, and provide a compliance affidavit.