https://www.taxtmi.com/caselaws?id=110512 A scheme of arrangement and amalgamation may be sanctioned where equity shareholders, secured creditors and unsecured creditors have unanimously approved it, no objection remains from the Regional Director or Official Liquidator, and the court is satisfied that the merged entity will have sufficient assets to meet liabilities. The arrangement should not prejudice creditor interests, and the absence of pending investigation or proceedings supports approval. On these facts, the scheme was found fair, beneficial and in the interest of the companies and all concerned, and sanction was granted. en-us Tue, 03 Aug 2004 00:00:00 +0530 Tue, 17 Apr 2012 12:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110512 A scheme of arrangement and amalgamation may be sanctioned where equity shareholders, secured creditors and unsecured creditors have unanimously approved it, no objection remains from the Regional Director or Official Liquidator, and the court is satisfied that the merged entity will have sufficient assets to meet liabilities. The arrangement should not prejudice creditor interests, and the absence of pending investigation or proceedings supports approval. On these facts, the scheme was found fair, beneficial and in the interest of the companies and all concerned, and sanction was granted. Case-Laws Companies Law Tue, 03 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110512