https://www.taxtmi.com/caselaws?id=111435 The Court approved the Scheme of Arrangement between two companies under sections 391 and 394 of the Companies Act, 1956, aiming to separate mining and manufacturing activities. Compliance with procedural requirements was emphasized, with concerns raised over share capital increase and creditor meeting attendance. The Court highlighted the Stock Exchanges' role but clarified that their consent was not mandatory. The Scheme was sanctioned, excluding a capital provision, with directions for payment to the Official Liquidator. The judgment stressed adherence to procedural requirements and legal precedents for scheme approval under the Companies Act. en-us Tue, 19 Dec 2006 00:00:00 +0530 Mon, 23 Apr 2012 15:13:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111435 The Court approved the Scheme of Arrangement between two companies under sections 391 and 394 of the Companies Act, 1956, aiming to separate mining and manufacturing activities. Compliance with procedural requirements was emphasized, with concerns raised over share capital increase and creditor meeting attendance. The Court highlighted the Stock Exchanges' role but clarified that their consent was not mandatory. The Scheme was sanctioned, excluding a capital provision, with directions for payment to the Official Liquidator. The judgment stressed adherence to procedural requirements and legal precedents for scheme approval under the Companies Act. Case-Laws Companies Law Tue, 19 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111435