https://www.taxtmi.com/caselaws?id=112429 The court approved the scheme of arrangement involving the demerger and merger of companies, despite some lack of detailed information on assets and liabilities. The scheme did not appear prejudicial to shareholders or the public interest, and the steel division's separation was clearly defined. The court clarified that enumerating each asset in a demerger scheme is not a legal requirement. With no adverse implications identified, minimal liabilities, and no objections from concerned parties, the scheme was sanctioned as it did not negatively impact the companies' members or creditors. Both petitions were granted, with specific instructions for further actions. en-us Sat, 21 Mar 2009 00:00:00 +0530 Fri, 14 Nov 2014 09:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112429 The court approved the scheme of arrangement involving the demerger and merger of companies, despite some lack of detailed information on assets and liabilities. The scheme did not appear prejudicial to shareholders or the public interest, and the steel division's separation was clearly defined. The court clarified that enumerating each asset in a demerger scheme is not a legal requirement. With no adverse implications identified, minimal liabilities, and no objections from concerned parties, the scheme was sanctioned as it did not negatively impact the companies' members or creditors. Both petitions were granted, with specific instructions for further actions. Case-Laws Companies Law Sat, 21 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112429