https://www.taxtmi.com/caselaws?id=218192 The judgment pertains to a first motion application under Sections 391 and 394 of the Companies Act, 1956, concerning a Scheme of Arrangement between a Transferor Company and a Transferee Company. The High Court dispensed with the requirement for meetings by the Transferor Company and approved the proposed scheme, directing separate meetings for various stakeholders of the Transferee Company. Chairpersons were appointed for the unsecured creditors' meeting, and detailed regulations were established for quorum, proxies, notices, and post-meeting reports. The application was allowed in specified terms, with an order for immediate action. en-us Fri, 12 Oct 2012 00:00:00 +0530 Thu, 01 Nov 2012 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218192 The judgment pertains to a first motion application under Sections 391 and 394 of the Companies Act, 1956, concerning a Scheme of Arrangement between a Transferor Company and a Transferee Company. The High Court dispensed with the requirement for meetings by the Transferor Company and approved the proposed scheme, directing separate meetings for various stakeholders of the Transferee Company. Chairpersons were appointed for the unsecured creditors' meeting, and detailed regulations were established for quorum, proxies, notices, and post-meeting reports. The application was allowed in specified terms, with an order for immediate action. Case-Laws Companies Law Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218192