https://www.taxtmi.com/caselaws?id=102710 The High Court sanctioned a Scheme of Arrangement between the transferor and transferee companies after finding that the shareholder meetings had been duly held, the required reports were filed, notice was served on the Regional Director and the Company Law Board, and public notice of the hearing was published. With no objection from the Regional Director and no legal impediment identified, the Court treated the scheme as bona fide. The scheme provided for transfer and vesting of the Lohpohia Tea Estate, together with its assets, liabilities and pending proceedings, in the transferee company from the appointed date under section 394(2) of the Companies Act, 1956, making the arrangement binding on the companies, their shareholders and all concerned. en-us Mon, 20 Mar 1995 00:00:00 +0530 Wed, 15 Feb 2012 17:47:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102710 The High Court sanctioned a Scheme of Arrangement between the transferor and transferee companies after finding that the shareholder meetings had been duly held, the required reports were filed, notice was served on the Regional Director and the Company Law Board, and public notice of the hearing was published. With no objection from the Regional Director and no legal impediment identified, the Court treated the scheme as bona fide. The scheme provided for transfer and vesting of the Lohpohia Tea Estate, together with its assets, liabilities and pending proceedings, in the transferee company from the appointed date under section 394(2) of the Companies Act, 1956, making the arrangement binding on the companies, their shareholders and all concerned. Case-Laws Companies Law Mon, 20 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102710