NCLT Kolkata Bench sanctions Scheme of Amalgamation transferring Abacus Consultancy's consultancy business to Omind Advisory effective April 1, 2025.
All 5 equity shareholders of both companies consented, with no secured or unsecured creditors, allowing shareholder meetings to be dispensed with.
Regional Director raised no objections after petitioners addressed queries on asset details, stamp duty, and scheme consistency.
The order transfers all assets, liabilities, and employees of Abacus to Omind, with all pending proceedings to continue against Omind.