Travel services firm Thomas Cook India … said its corporate restructuring process has been completed after receiving approvals from the NCLT Mumbai and Bengaluru.

“…the Composite Scheme of Arrangement and Amalgamation amongst TC Forex Services Ltd and Travel Corporation (India) Ltd and TC Travel Services Ltd and SOTC Travel Management Pvt Ltd and Thomas Cook (India) Ltd and Quess Corp Ltd and their respective shareholders has become effective today,” the company said in a filing to the BSE. — The Times of India

AZB & Partners advised Thomas Cook India Limited on the insolvency process, led by a team of partner Divya Mundra, and senior associates Himanshoo Tembe and Gaurav Bansal.

2019-11-25

Deal value: Confidential

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