NCLT Approves DKI Apparel-Defiance Knitting Amalgamation

NCLT Mumbai Bench approves the amalgamation of DKI Apparel Private Limited into Defiance Knitting Industries Private Limited.
The scheme involves an exchange ratio of 4.17 Defiance Knitting shares of ₹100 each for every 1 DKI Apparel share of ₹10.
The appointed date for the merger is 31 December 2024, and the transferor company will be dissolved without winding up.
The Transferee Company will assume all liabilities, including a noted GST demand of ₹6,57,514 from the Transferor Company.