The National Company Law Tribunal (NCLT) at Chandigarh has given its nod for a merger between airline companies, Air India and Vistara.
In a ruling passed on June 6, the NCLT approved a composite scheme of arrangement proposed by Talace Private Limited (holding company of Air India), Tata Sia Airlines Limited (a joint venture between Tata Sons Private Limited and Singapore Airlines Limited, which operates Vistara airlines) and Air India Limited (collectively referred to…
























