NCLT Kolkata sanctions amalgamation of IG Infra and Logistics Private Limited into Bihariji Constructions (India) Limited effective April 1, 2024.
Transferee company Bihariji is an RBI-registered NBFC that obtained necessary regulatory no-objection certificates for the transaction.
Scheme aims to achieve economies of scale, consolidate group structure, and create larger capital base for business expansion.
All statutory authorities including Regional Director and Official Liquidator raised no objections to the arrangement after review.