M&A Critique

Mukand Limited – Business Undertaking from its subsidiary demerged into holding company

Recently Hon’ble National Company Law Tribunal, Mumbai Bench (“NCLT”) sanctioned the Scheme of Arrangement (“the Scheme”) between Mukand Sumi Metal Processing Limited (“Demerged Company” or “MSMPL”), wholly owned subsidiary of Mukand Limited, with Mukand Limited (“Mukand”) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 the rules and/ or regulations made thereunder.

Aniruddha Jain