The High Court of Delhi order transfers a company amalgamation petition seeking sanction under Sections 391 and 394 of the Companies Act, 1956, to the Principal Bench of the NCLT pursuant to a Ministry notification.
Matter listed before Principal Bench, NCLT, New Delhi on 15.03.2017; record transmitted to NCLT forthwith.
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$~101
SARNA RAJ TEXTILES PVT LTD ..... Petitioner
Through: Mr. Ajeet Singh Verma, Advocate
CORAM: HON'BLE MR. JUSTICE SIDDHARTH MRIDUL O R D E R
% 16.01.2017
In terms of the notification Regd. No.D.L.-33004/99 dated 07.12.2016, issued by the Ministry of Corporate Affairs and in particular, Clause 3 thereof, the present petition under Sections 391 and 394 of the Companies Act, 1956, seeking sanction to the proposed scheme of amalgamation/merger, stands transferred to the Principal Bench, National Company Law Tribunal, New Delhi (hereinafter referred to as ‘NCLT’).
In the first instance, list this matter before the Principal Bench, NCLT on 15.03.2017 for further proceedings, in accordance with law.
The Registry is directed to transmit the record of the present petition to the Principal Bench, NCLT, forthwith.
SIDDHARTH MRIDUL, J
JANUARY 16, 2017 dn
1 issue framed by the court
Whether a petition under Sections 391 and 394 of the Companies Act, 1956, seeking sanction for amalgamation/merger should be transferred to the NCLT in accordance with a Ministry of Corporate Affairs
2 provisions across 2 enactments
Sarna Raj Textiles Pvt Ltd
Respondent(s) not named in text
Siddharth Mridul
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
