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Approval of NCLT for withdrawal of application of Scheme of Arrangement in the nature of Merger between GIPCL & GIPCO

Approval of NCLT for withdrawal of application of Scheme of Arrangement in the nature of Merger between GIPCL & GIPCO
May 09, 2018

The National Company Law Tribunal (NCLT), Ahmedabad Bench has, vide its two separate Orders allowed Gujarat Industries Power Company Limited (GIPCL–listed Transferee Company CIN:L99999GJ1985PLC007868) and GIPCL Projects Consultancy Company Limited (GIPCO- wholly owned subsidiary of GIPCL / unlisted Transferor Company-CIN: U749999GJ2012PLC071761) to withdraw their respective Applications seeking approval of the Hon’ble Bench to the Scheme of Arrangement in the nature of Merger of GIPCL Projects Consultancy Company Limited (GIPCO- wholly owned subsidiary of GIPCL / unlisted Transferor Company-CIN: U749999GJ2012PLC071761) and Gujarat Industries Power Company Limited (GIPCL–listed Transferee Company CIN:L99999GJ1985PLC007868). 

 The Hon’ble Bench has accordingly recalled its earlier Orders dated 06.11.2017.

 The Scanned copies of above referred orders and Intimation to Stock Exchanges is available on GIPCL Website at http://www.gipcl.com/proposed-scheme-of-merger-gipco.htm

 

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