M&A Critique

Rejection of Scheme of Merger – Objections from Income Tax Authorities

Indiabulls Real Estate Limited (“Petitioner Company /Transferee Company/IBREL) filed a scheme of amalgamation of companies belonging to Embassy Group - NAM Estates Private Limited (“Non-Petitioner Company/ Transferor Company 1”) and Embassy One Commercial Property Developments Private Limited (“Non-Petitioner Company/ Transferor Company 2”) before the Hon’ble National Company Law Tribunal (NCLT) Chand...

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Surendra Rahalkar