NCLT Amaravati allows first motion application for amalgamation of Kerneos India Aluminate into Imerys Vizag under Sections 230-232 of Companies Act 2013.
Tribunal dispenses with all shareholder and creditor meetings after obtaining 100% equity and over 90% unsecured creditor consent affidavits.
Directs companies to serve notices to regulatory authorities including RBI, ROC, and Income Tax for their objections before second motion petition.