https://www.taxtmi.com/caselaws?id=113015 The Court approved and sanctioned a scheme of arrangement involving the demerger of a Cinema Hall business from one company and its merger with another, both companies having obtained necessary approvals. Shareholders and creditors' meetings were dispensed with as there were no creditors involved. The Central Government had no objections, and no objections were received following advertisements. The Court allowed the petition, directing the filing of the order with the Registrar of Companies. This case underscores the legal process for approving such arrangements, emphasizing the importance of compliance with shareholder and creditor approval procedures and advertising requirements. en-us Fri, 29 Feb 2008 00:00:00 +0530 Thu, 03 May 2012 13:00:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113015 The Court approved and sanctioned a scheme of arrangement involving the demerger of a Cinema Hall business from one company and its merger with another, both companies having obtained necessary approvals. Shareholders and creditors' meetings were dispensed with as there were no creditors involved. The Central Government had no objections, and no objections were received following advertisements. The Court allowed the petition, directing the filing of the order with the Registrar of Companies. This case underscores the legal process for approving such arrangements, emphasizing the importance of compliance with shareholder and creditor approval procedures and advertising requirements. Case-Laws Companies Law Fri, 29 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113015