Slump Sale

Dear All,

In case of Corporate restructuring, two companies have options of Mergers, Amalgamations, Demerger, slump Sale(Hiving Off)

My query is that  if two companies choose to have a SlumpSale, what would be the consequence of the same on the Company whose assets & Business is being Sold. Would that Company cease to exist??

Also, in case of slumpsale, the provisions of Section 293(1)(a) of Companies Act would be applicable??

Please Help!!

Thanks & Regards,

Ruchie