IN RE Vs. REXNORD INDIA PRIVATE LIMITED

JUDGEMENT

(1.) The Company Petition bearing C.P.(CAA) No. 145/230/HDB/2017 is filed by M/s. Rexnord India Private Limited (Petitioner / Transferor Company) under Sections 230 & 232 of the Companies Act, 2013, by inter-alia seeking to sanction Scheme of Amalgamation in question, so as to be binding on all the Equity Shareholders / Members, Creditors and employees of the Petitioner / Transferor Company, etc.

(2.) Brief facts, which are relevant to the issue in question, are as under:

(3.) The Transferor Company and the Petitioner / Transferee Company are part of Rexnord Group of Companies, headquarters at Milwaukee, Wisconsin, USA and the objects of the Transferor Company complement the objects of the Transferee Company and the amalgamation of these companies have the following benefits