NCLT approves first motion application for demerger of Sammaan Finserve's NBFC business to Sammaan Capital.
Tribunal dispenses with meetings for all creditor classes and Demerged Company shareholders due to 100% consent.
Directs convening of virtual meeting for Resulting Company's 429,786 equity shareholders to approve the scheme.
Scheme aims to consolidate NBFC businesses under single entity following RBI's regulatory directive.