https://www.taxtmi.com/caselaws?id=114084 The court sanctioned the scheme of arrangement involving the demerger and transfer of the PMRTS Business Division from Arvind Mills Limited to Arya Omnitalk Radio Trunking Services Private Limited. The scheme was unanimously approved by shareholders, complied with statutory requirements, and addressed objections raised by the Regional Director. Financial viability and transparency concerns were addressed, and allegations of circumventing telecom policy were dismissed. The court found the scheme to be in the companies' and members' interest, granting the petitioner's prayer and directing payment of costs to the Central Government Standing Counsel. en-us Fri, 16 May 2008 00:00:00 +0530 Mon, 08 Dec 2014 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114084 The court sanctioned the scheme of arrangement involving the demerger and transfer of the PMRTS Business Division from Arvind Mills Limited to Arya Omnitalk Radio Trunking Services Private Limited. The scheme was unanimously approved by shareholders, complied with statutory requirements, and addressed objections raised by the Regional Director. Financial viability and transparency concerns were addressed, and allegations of circumventing telecom policy were dismissed. The court found the scheme to be in the companies' and members' interest, granting the petitioner's prayer and directing payment of costs to the Central Government Standing Counsel. Case-Laws Companies Law Fri, 16 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114084