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Poddar Housing and Development gets NCLT’s nod for withdrawal of amalgamation scheme

07 Aug 2019 Evaluate

Poddar Housing and Development has received approval from National Company Law Tribunal (NCLT) for withdrawal of the scheme of amalgamation of Poddar Housing with the company and their respective Shareholders (‘Scheme’) under Sections 230 to 232 of the Companies Act, 2013 and other applicable provisions, if any, of the Companies Act, 2013. NCLT, Mumbai Bench has approved the withdrawal of the Scheme on August 6, 2019. 

Poddar Housing and Development (formerly Poddar Developers) is a real estate development company. The company is engaged in the housing segment of the real estate sector.

Peers
Company Name CMP
Lodha Developers 963.00
Prestige EstatesProj 1400.00
Dilip Buildcon 358.95
DLF 653.55
Oberoi Realty 1583.00
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