NCLT Mumbai Bench sanctions merger scheme between Gopal Pulse Processors and Kogta Global under Companies Act 2013.
Transferor company Gopal Pulse has negative net worth of Rs.20.5 lakh but prepared on going concern basis for merger.
Share exchange ratio set at 1 Kogta share for every 36 Gopal Pulse shares, based on valuer report.
Regional Director and Official Liquidator raise no objections after company undertakings on compliance and creditor protection.