India Tax & Regulatory
NCLT Scheme of Arrangement
A tribunal-sanctioned merger, demerger, or capital reduction — sellers of multi-division groups can use this route to cleanly separate a division for sale with full legal finality against creditors and minority holders.
Seller Example
Promoters of a Kolkata multi-division manufacturing group use an NCLT-sanctioned demerger to cleanly carve out the profitable division for sale, ensuring all creditors and minority shareholders of the group are legally bound to the split — protecting the sale proceeds from being challenged or clawed back by a dissenting creditor after the deal closes.