https://www.taxtmi.com/caselaws?id=106903 The court addressed an application seeking dispensation of a meeting of equity shareholders and creditors in a proposed scheme of amalgamation. Despite all equity shareholders consenting to the scheme, the court emphasized the importance of collective decision-making by shareholders in such matters. It highlighted that individual consent prior to the petition filing does not negate the need for a formal meeting to discuss and decide on the scheme. The court rejected the application, emphasizing that shareholder consent alone does not justify dispensing with the meeting, underscoring the significance of collective decision-making in matters impacting the company's structure and business. en-us Fri, 08 Dec 2000 00:00:00 +0530 Fri, 16 Mar 2012 12:34:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106903 The court addressed an application seeking dispensation of a meeting of equity shareholders and creditors in a proposed scheme of amalgamation. Despite all equity shareholders consenting to the scheme, the court emphasized the importance of collective decision-making by shareholders in such matters. It highlighted that individual consent prior to the petition filing does not negate the need for a formal meeting to discuss and decide on the scheme. The court rejected the application, emphasizing that shareholder consent alone does not justify dispensing with the meeting, underscoring the significance of collective decision-making in matters impacting the company's structure and business. Case-Laws Companies Law Fri, 08 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106903