NCLT approves amalgamation of Rex Overseas and S&S Balajee Mercantile with parent Ekam Leasing, dispensing with creditor meetings.
Tribunal directs Ekam Leasing to convene equity shareholder meeting via video conference for scheme approval.
Transferor companies have combined net worth of ₹5.72 crore while transferee listed NBFC has ₹17.35 crore net worth.
Scheme aims to simplify corporate structure, eliminate administrative costs, and enhance operational efficiency without share dilution.