https://www.taxtmi.com/caselaws?id=104214 The court approved a scheme of arrangement/amalgamation between four companies in the non-alcoholic beverages sector. Shareholders and unsecured creditors supported the scheme, with the only objection regarding the transferee company's share capital, which was resolved by the company's commitment to increase it post-approval. The court found the scheme fair, protecting the rights of stakeholders, and sanctioned the arrangement, making it binding. The transferor companies were to dissolve without winding up, and a consolidated balance sheet post-merger was permitted to be filed within a specified period. en-us Fri, 13 Aug 1999 00:00:00 +0530 Tue, 28 Feb 2012 12:24:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104214 The court approved a scheme of arrangement/amalgamation between four companies in the non-alcoholic beverages sector. Shareholders and unsecured creditors supported the scheme, with the only objection regarding the transferee company's share capital, which was resolved by the company's commitment to increase it post-approval. The court found the scheme fair, protecting the rights of stakeholders, and sanctioned the arrangement, making it binding. The transferor companies were to dissolve without winding up, and a consolidated balance sheet post-merger was permitted to be filed within a specified period. Case-Laws Companies Law Fri, 13 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104214