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The C&A terms were acceptable to be fair to both the Creditors and the Company. The auditors refused certificate objecting that the same are not in accordance with A.S u/s 133. The Tribunal :

March 25, 2020

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After the terms of amalgamation were finalised the Book Values of assets appeared differently in the Books of the transferee. All other conditions were satisfied as needed for the amalgamation to be classified as amalgamation in the nature of merger. Is this:

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After order of the Tribunal to call upon a meeting of Creditors / Members or class thereof; the “Supplementary Accounting Statement“ shall be required when FY of the merging Co has concluded :

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