https://www.taxtmi.com/caselaws?id=104265 The High Court of Andhra Pradesh approved the scheme of arrangement transferring the cement division of the petitioner company to another company, along with a reduction of share capital. The Court found the scheme just, fair, and compliant with legal requirements. Shareholders and creditors had approved the scheme, ensuring protection of their interests. The Court ordered the transfer, directed fulfillment of conditions, and instructed necessary filings with the Registrar of Companies. Interested parties were granted the right to seek further directions if required. en-us Thu, 07 Oct 1999 00:00:00 +0530 Tue, 28 Feb 2012 14:23:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104265 The High Court of Andhra Pradesh approved the scheme of arrangement transferring the cement division of the petitioner company to another company, along with a reduction of share capital. The Court found the scheme just, fair, and compliant with legal requirements. Shareholders and creditors had approved the scheme, ensuring protection of their interests. The Court ordered the transfer, directed fulfillment of conditions, and instructed necessary filings with the Registrar of Companies. Interested parties were granted the right to seek further directions if required. Case-Laws Companies Law Thu, 07 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104265