https://www.taxtmi.com/caselaws?id=215565 The Court sanctioned a Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956, involving the demerger of a company's division to another wholly-owned subsidiary. Compliance with relevant sections was met, objections by the Regional Director were dismissed, and the Court upheld the principle of Single Window Clearance. The Scheme was found to be in the interest of the companies, their members, and creditors, leading to the grant of prayers in the petitions and quantification of costs. en-us Tue, 19 Jun 2012 00:00:00 +0530 Sat, 04 Aug 2012 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215565 The Court sanctioned a Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956, involving the demerger of a company's division to another wholly-owned subsidiary. Compliance with relevant sections was met, objections by the Regional Director were dismissed, and the Court upheld the principle of Single Window Clearance. The Scheme was found to be in the interest of the companies, their members, and creditors, leading to the grant of prayers in the petitions and quantification of costs. Case-Laws Companies Law Tue, 19 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215565