https://www.taxtmi.com/caselaws?id=213559 The court granted sanction to the Scheme of Arrangement under sections 391 and 394 of the Companies Act, 1956, between two companies based in New Delhi. The Scheme involved the transfer of Telecom Infrastructure Undertaking without issuing shares or consideration. Despite objections raised by the Regional Director and the Income-tax Department, the court approved the Scheme as there were no objections from other parties and approval from shareholders and creditors. The companies were directed to fulfill statutory requirements, merge assets, and pay stamp duty as per the law. en-us Tue, 29 Mar 2011 00:00:00 +0530 Wed, 23 May 2012 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213559 The court granted sanction to the Scheme of Arrangement under sections 391 and 394 of the Companies Act, 1956, between two companies based in New Delhi. The Scheme involved the transfer of Telecom Infrastructure Undertaking without issuing shares or consideration. Despite objections raised by the Regional Director and the Income-tax Department, the court approved the Scheme as there were no objections from other parties and approval from shareholders and creditors. The companies were directed to fulfill statutory requirements, merge assets, and pay stamp duty as per the law. Case-Laws Companies Law Tue, 29 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213559