https://www.taxtmi.com/caselaws?id=111440 The court granted sanction to the composite scheme of demerger and arrangement under sections 391 and 394 of the Companies Act 1956 for Nahar Spinning Mills Ltd. and Nahar Exports Ltd. The scheme involved transferring businesses between the companies for consolidation and future growth. The approval was subject to compliance with necessary approvals within six months, with failure resulting in revocation. Public notices were required, and interested parties could seek further directions if needed. The petition was disposed of in accordance with the court's order. en-us Thu, 21 Dec 2006 00:00:00 +0530 Mon, 23 Apr 2012 15:26:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111440 The court granted sanction to the composite scheme of demerger and arrangement under sections 391 and 394 of the Companies Act 1956 for Nahar Spinning Mills Ltd. and Nahar Exports Ltd. The scheme involved transferring businesses between the companies for consolidation and future growth. The approval was subject to compliance with necessary approvals within six months, with failure resulting in revocation. Public notices were required, and interested parties could seek further directions if needed. The petition was disposed of in accordance with the court's order. Case-Laws Companies Law Thu, 21 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111440