https://www.taxtmi.com/caselaws?id=217215 The court approved the application filed under Sections 391 to 394 of the Companies Act, 1956 for a Scheme of Amalgamation between the Transferor Company and the Transferee Company. The Board of Directors of both companies had already approved the proposed Scheme. While the requirement for convening meetings of Shareholders of the Transferor Company was dispensed with due to obtained consents, separate meetings of creditors were directed to be held. The court appointed Chairpersons and Alternate Chairpersons for the creditor meetings, set Quorum requirements, allowed voting by proxy, and mandated the filing of reports post-meetings. The judgment granted the application with immediate action to be taken. en-us Mon, 24 Sep 2012 00:00:00 +0530 Mon, 08 Oct 2012 21:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217215 The court approved the application filed under Sections 391 to 394 of the Companies Act, 1956 for a Scheme of Amalgamation between the Transferor Company and the Transferee Company. The Board of Directors of both companies had already approved the proposed Scheme. While the requirement for convening meetings of Shareholders of the Transferor Company was dispensed with due to obtained consents, separate meetings of creditors were directed to be held. The court appointed Chairpersons and Alternate Chairpersons for the creditor meetings, set Quorum requirements, allowed voting by proxy, and mandated the filing of reports post-meetings. The judgment granted the application with immediate action to be taken. Case-Laws Companies Law Mon, 24 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217215