NCLT Approves Spero-Equinox Amalgamation Scheme

The National Company Law Tribunal (NCLT) has approved the scheme of amalgamation between Spero Properties and Equinox India Infraestate, dispensing with meetings for shareholder and creditor approval.
The NCLT directed the applicant to serve notices to the Ministry of Corporate Affairs, SEBI, stock exchanges, and the Income Tax Department as part of the amalgamation process.
The tribunal dispensed with meetings for the transferee company's equity shareholders, secured, and unsecured creditors after receiving 100% consent from each class.