NCLT Approves Sri Raj Re-Rolling Mills Amalgamation Scheme

NCLT Kolkata Bench sanctions amalgamation of four private companies into Sri Raj Re-Rolling Mills Limited with appointed date of April 1, 2024.
All shareholder and creditor meetings were dispensed with due to 100% consent obtained through affidavits from all classes.
Regional Director raised no objections but sought undertakings regarding stamp duty, asset transfer, and regulatory compliance.
Transferor companies will dissolve without winding up upon scheme implementation with all assets and liabilities transferring to transferee.