NCLT Approves Alankar Dealmark Amalgamation Scheme

NCLT Kolkata Bench sanctions Scheme of Amalgamation for seven transferor companies into Alankar Dealmark Private Limited with appointed date of 1st April 2024.
Scheme aims to consolidate holdings, streamline group structure, reduce compliance costs, and improve operational efficiency through entity rationalization.
Regional Director raised observations including Income Tax Department objections over Rs 3.15 crore demand against Comnet Communication, addressed in rejoinder affidavit.
Official Liquidator reported no prejudicial conduct found in transferor companies' affairs, recommending Tribunal approval of the amalgamation.