No Requirement of Consent of Secured Creditors for Amalgamation when Net Worth of Transferor and Transferee is highly positive: NCLAT [Read Order]

By Kalyani B. Nair - On December 7, 2022 12:33 pm - 2 mins read
Consent of Secured Creditors - Amalgamation - Transferor - Net Worth of Transferor - Transferee - NCLAT - taxscan

The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT), ruled that No requirement of consent of secured creditors for Amalgamation when Net Worth of transferor and transferee is highly positive. The appellant in the present appeal is Lasa Supergenerics Limited. Harishree Aromatics and Chemicals Private Limited (Transferor Company) and Lasa Supergenerics Limited…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader