NCLT Kolkata sanctions amalgamation of Kumstum Tradecom, Saatvik Ferro, and Theme Vincom with Satvik Enterprises effective 1st April 2024.
Scheme aims to consolidate business operations, achieve cost efficiencies, and streamline corporate structure across all entities.
Official Liquidator found no prejudicial conduct in petitioner companies, and all regulatory authorities were duly served notices.
Transferee company assumes all assets, liabilities, and ongoing legal proceedings of the three transferor companies upon dissolution.