Corporate News 08-Mar-23
Sundaram Clayton receives NCLT approves for scheme of arrangement
Sundaram Clayton announced that the Hon'ble National Company Law Tribunal, Chennai Bench (Tribunal) vide its order dated 6 March 2023 has sanctioned the Composite Scheme of Arrangement amongst Sundaram - Clayton (Company) and TVS Holdings and VS Investments and Sundaram - Clayton DCD and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (Scheme).
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