AdvertisementIn re India Glycols Limited (NCLT Allahabad) NCLT Allahabad Sanctions India Glycols’ Demerger Of Biopharma, Spirits & Biofuel Businesses The National Company Law Tribunal (NCLT), Allahabad Bench, considered a joint second motion petition filed under Sections 230 and 232 of the Companies Act, 2013 read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, seeking sanction of a Scheme of Arrangement involving the demerger of the Biopharma Undertaking and the Spirits and Biofuel Undertaking from India Glycols Limited into Ennature Bio Pharma Limited and IGL Spiri...