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NCLT approves scheme of arrangement between Tata Teleservices and Bharti Airtel

January 23, 2019[2019] 101 327 (NCLT - New Delhi)

CL : Composite scheme of arrangement between Tata Teleservices, Bharti Airtel and Bharti Hexacom(Petitioner companies) and their respective shareholders and creditors was to be sanctioned under sections 230 to 232 of the Companies Act, 2013 as memebrs and creditors of Petitioner Companies had accorded their approval to proposed Scheme, and further in view of affidavits filed by Regional Director, Northern Region, Ministry of Corporate Affairs, Income Tax Department and Department of Telecommunication, there appeared to be no impediment in sanctioning Scheme

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