https://www.taxtmi.com/caselaws?id=113524 The Court granted sanction to the proposed scheme of arrangement/amalgamation involving three companies under sections 391 and 394 of the Companies Act, 1956. The scheme aimed to transfer assets and liabilities for the purpose of amalgamation, focusing on core business activities to enhance scalability and profitability. Meetings of shareholders and creditors unanimously accepted the scheme, and the Regional Director's report found no adverse findings. The Court approved the scheme with a modification to the appointed date for amalgamation. Compliance orders were issued for payment to the Common Pool Fund and submission of necessary forms. en-us Wed, 25 Nov 2009 00:00:00 +0530 Tue, 21 Oct 2014 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113524 The Court granted sanction to the proposed scheme of arrangement/amalgamation involving three companies under sections 391 and 394 of the Companies Act, 1956. The scheme aimed to transfer assets and liabilities for the purpose of amalgamation, focusing on core business activities to enhance scalability and profitability. Meetings of shareholders and creditors unanimously accepted the scheme, and the Regional Director's report found no adverse findings. The Court approved the scheme with a modification to the appointed date for amalgamation. Compliance orders were issued for payment to the Common Pool Fund and submission of necessary forms. Case-Laws Companies Law Wed, 25 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113524