NCLT Approves Garg Group Companies Amalgamation Scheme

NCLT New Delhi sanctions amalgamation scheme of three Garg group transferor companies into Mangel Chand Construction.
Scheme effective from appointed date 01.04.2024, dissolving transferor companies without winding-up.
Regional Director and Income Tax Department raised no objections after company responses addressed compliance concerns.
Transferee company assumes all assets, liabilities, legal proceedings, and employees of the transferor entities.