https://www.taxtmi.com/caselaws?id=218593 The court approved a joint application under Sections 391 and 394 of the Companies Act, 1956 for a Scheme of Arrangement between two companies. The scheme, approved by the Board of Directors, required consent from shareholders and creditors. While shareholder consent was mostly obtained, creditor consent was pending, necessitating separate meetings for secured and unsecured creditors. The judgment detailed the appointment of Chairpersons, quorum requirements, proxy procedures, and notice publication guidelines. The court directed fair meeting conduct and filing of reports, ultimately allowing the application in specified terms with an order for Dasti. en-us Fri, 12 Oct 2012 00:00:00 +0530 Thu, 01 Nov 2012 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218593 The court approved a joint application under Sections 391 and 394 of the Companies Act, 1956 for a Scheme of Arrangement between two companies. The scheme, approved by the Board of Directors, required consent from shareholders and creditors. While shareholder consent was mostly obtained, creditor consent was pending, necessitating separate meetings for secured and unsecured creditors. The judgment detailed the appointment of Chairpersons, quorum requirements, proxy procedures, and notice publication guidelines. The court directed fair meeting conduct and filing of reports, ultimately allowing the application in specified terms with an order for Dasti. Case-Laws Companies Law Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218593