NCLT Approves Amalgamation of Air Asia With Air India Express

The National Company Law Tribunal (NCLT) at Chandigarh on Tuesday approved the amalgamation of AIX Connect Pvt Ltd., owner of Air Asia Airlines, with the Air India Express Ltd Company. A coram of judicial member Harnam Singh Thakur and technical member LN Gupta noted that the amalgamation proposal had been granted sanction from sectoral regulators including the Registrar of Companies and the Ministry of Civil Aviation (MoCA). Accordingly, it allowed the scheme of amalgamation of the two companies filed before NCLT under sections 230 to 232 of the Companies Act of 2013.