NCLT Mumbai Bench sanctions merger scheme amalgamating Royal Herbal Land, Royal Nature Land, and Salona Trade-Invest with Isha Agro Developers.
Scheme aims to create operational synergies, strengthen financial position, and reduce administrative costs through consolidation of group entities.
Regional Director raised no objections; companies undertake to protect creditor interests and comply with all statutory filing requirements.
Transferor companies to dissolve without winding up; all liabilities transfer to Isha Agro except for prior offences by officers in default.