Palletization Business definition

Palletization Business means palletization business being carried on at Chhatrapati Shivaji International Airport by CSC at present and in particular includes the acceptance & weighment of General Cargo, carting, unitization, packing & labelling, releasing of general cargo, supervision of third party built cargo including import cargo, documentation, delivery order services to airlines customers handled from Foreign Airline Cargo Terminal (FACT) warehouse.
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Examples of Palletization Business in a sentence

  • The Board of Directors (as defined hereinafter) of both the Demerged Company and the Resulting Company have reviewed, considered and proposed the demerger of the Palletization Business Undertaking of the Demerged Company and vesting of the same with the Resulting Company through this Scheme under the provisions of Sections 230 and 232 of the Act.

  • Upon the coming into effect of this Scheme and subject to the provisions of this Scheme, all valid insurance policies with respect to the Palletization Business Undertaking of the Demerged Company will be endorsed in favour of the Resulting Company and the Demerged Company shall do all such acts and deeds to give effect to the understanding herein.

  • The demerger of the Palletization Business Undertaking of the Demerged Company and vesting of the same with the Resulting Company will, inter alia, enable greater realization of the potential of the businesses of both the Demerged Company and Resulting Company, shall have a beneficial impact on the Demerged Company and Resulting Company, their shareholders and shall be in the interest of future growth of the Demerged Company and Resulting Company and their respective businesses.

  • This Scheme of Arrangement (hereinafter referred to as the ‘Scheme’) provides for, inter-alia, transfer by way of demerger of the Palletization Business Undertaking (as defined hereinafter) of CSC and vesting of the same in the Resulting Company pursuant to Sections 230 to 232 of the Act (as defined hereinafter).

  • In order to segregate the Palletization Business (as defined hereinafter) from the Remaining Business (as defined hereinafter) of the Demerged Company, it is intended to demerge the Palletization Business on a going concern basis into the Resulting Company.

  • Any question that may arise as to whether any employee belongs to or does not belong to the Palletization Business Undertaking shall be decided by Board of Directors of both Demerged Company and Resulting Company.

  • Provided always that this Scheme shall not operate to enlarge the security for any loan, deposit or facility created by the Demerged Company in relation to the Palletization Business Undertaking by virtue of this Scheme and the Resulting Company shall not be obliged to create any further or additional security therefore after the Scheme has become operative.

  • The Resulting Company shall, be deemed to be authorised to execute any such writings on behalf of the Demerged Company and to carry out or perform all such formalities or compliances required for the purposes referred to above on the part of the Demerged Company in relation to the Palletization Business Undertaking.

  • It is clarified that the services of the employees of the Palletization Business Undertaking will be treated as having been continuous and not interrupted for the purpose of the said fund or funds.

  • Provided however, any reference in any security documents or arrangements to which the Demerged Company is a party, shall be construed as reference only to the assets pertaining to the Palletization Business Undertaking, as are vested into the Resulting Company by virtue of the aforesaid Clauses, to the end and intent that such security, charge and mortgage shall not extend or be deemed to extend, to any of the other assets of the Demerged Company.