NCLT Kolkata Bench approves first motion application for demerger of Mariegold Industries' undertaking into Mamanchand Sons effective April 1, 2025.
Tribunal dispenses with shareholder and creditor meetings due to 100% consent from equity shareholders, unsecured creditors, and corporate guarantee holder.
Scheme involves IBBI-registered valuer's swap ratio determination and statutory auditor certification of accounting treatment compliance.
NCLT directs service of notice to MCA, ROC, Official Liquidator, and Income Tax authorities for representations within 30 days.