https://www.taxtmi.com/caselaws?id=112024 The High Court of Calcutta sanctioned a proposed scheme of arrangement between three petitioner-companies, subject to conditions and undertakings. The court ordered the transfer of properties, rights, and powers of two petitioner-companies to a specific company. Debts, liabilities, duties, and obligations of the petitioner-companies were directed to be transferred to the specific company. All pending legal proceedings were to be continued by or against the specific company. The petitioner-companies were granted permission to file their schedule of assets, and were required to deliver certified copies of the court order for registration. An objection regarding the issuance of shares was dismissed, and the petitioner companies were directed to pay costs related to the application. en-us Wed, 05 Dec 2007 00:00:00 +0530 Thu, 18 Dec 2014 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112024 The High Court of Calcutta sanctioned a proposed scheme of arrangement between three petitioner-companies, subject to conditions and undertakings. The court ordered the transfer of properties, rights, and powers of two petitioner-companies to a specific company. Debts, liabilities, duties, and obligations of the petitioner-companies were directed to be transferred to the specific company. All pending legal proceedings were to be continued by or against the specific company. The petitioner-companies were granted permission to file their schedule of assets, and were required to deliver certified copies of the court order for registration. An objection regarding the issuance of shares was dismissed, and the petitioner companies were directed to pay costs related to the application. Case-Laws Companies Law Wed, 05 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112024