Deals3 April 2026 at 11:41 am
Tribunal Allows Apollo Hospitals' Scheme Under Sections 230-232 of Companies Act, 2013
AI Summary
The National Company Law Tribunal, Chennai Bench, has allowed the application CA (CAA) / 8 / (CHE) / 2026 in relation to the Scheme dated June 30, 2025, filed by Apollo Hospitals Enterprise Ltd, Transferor Company 1, Transferor Company 2, and Resultant Company. The Scheme is subject to the approval of shareholders and creditors, necessary statutory and regulatory approvals, including the final sanction of the Hon'ble Tribunal, and other terms and conditions as set out in the Scheme. The Tribunal has issued directions for convening meetings of equity shareholders, secured creditors, and unsecured creditors for the purpose of considering and approving the Scheme.
Key Highlights
- Tribunal allows Apollo Hospitals' Scheme under Sections 230-232 of Companies Act, 2013.
- Scheme subject to approval of shareholders, creditors, and necessary statutory and regulatory approvals.
- Tribunal issues directions for convening meetings of equity shareholders, secured creditors, and unsecured creditors.
- Apollo Hospitals Enterprise Ltd, Transferor Company 1, Transferor Company 2, and Resultant Company involved in the Scheme.