NCLT Approves Aditya Birla Fashion Subsidiaries Amalgamation

NCLT Mumbai approves amalgamation scheme of Jaypore E-Commerce and TG Apparel into parent Aditya Birla Fashion.
Scheme aims to simplify legal structure, reduce costs, and enhance financial strength for Aditya Birla Fashion.
Tribunal dispenses with shareholder and creditor meetings for transferor companies as they are wholly-owned subsidiaries.
Applicant companies directed to issue notices to regulators, creditors over ₹25L, and publish newspaper advertisements.