https://www.taxtmi.com/caselaws?id=109113 The Court granted sanction to a Scheme of Arrangement under sections 391 to 394 of the Companies Act, involving the demerger of a company to another as a going concern. The Scheme, which received overwhelming approval from shareholders and creditors, was found not prejudicial to their interests by the Regional Director. After confirming compliance with legal requirements and finding the Scheme fair and reasonable, the Court made the Company Petition absolute, with costs to be paid to the Regional Director within a specified period. en-us Thu, 06 May 2004 00:00:00 +0530 Thu, 05 Apr 2012 18:45:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109113 The Court granted sanction to a Scheme of Arrangement under sections 391 to 394 of the Companies Act, involving the demerger of a company to another as a going concern. The Scheme, which received overwhelming approval from shareholders and creditors, was found not prejudicial to their interests by the Regional Director. After confirming compliance with legal requirements and finding the Scheme fair and reasonable, the Court made the Company Petition absolute, with costs to be paid to the Regional Director within a specified period. Case-Laws Companies Law Thu, 06 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109113