NCLT Ahmedabad approves Rubamin Private Limited's demerger application to separate its Zinc and Copper Business into Rubamin IGNISS Private Limited.
Tribunal dispenses with shareholder meetings for both companies and unsecured creditor meeting for Rubamin IGNISS, citing unanimous written consents.
Directs Rubamin Private Limited to convene meetings for its 3 secured and 650 unsecured creditors within 45 days to approve the scheme.
Appoints L.N. Gupta as Chairman and Ansh Kakar as Scrutinizer for creditor meetings, with fees of ₹1,00,000 and ₹50,000 respectively.