Pine Labs secures NCLT approval to merge domestic, Singapore entities

Fintech major Pine Labs has received an initial approval from the National Company Law Tribunal (NCLT) to merge its entities in India and Singapore.

After its first motion plea getting approved at the tribunal, a second motion will be filed for a final approval by the NCLT.

“In view of the above, the First Motion Application stands allowed by giving liberty to the Applicant Company to file Second Motion Petition…” the order reads.