https://www.taxtmi.com/caselaws?id=219784 The court granted sanction to the Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956, allowing the transfer of undertaking, property, rights, powers, liabilities, and duties from the Transferor company to the Transferee company. The Transferor company would be dissolved without winding up upon the Scheme taking effect. The court emphasized compliance with statutory requirements, including payment of stamp duty, taxes, and deposition of a sum in the Common Pool Fund of the Official Liquidator by the petitioner Companies within a specified timeframe. The petition was allowed, and the order was to be promptly issued. en-us Fri, 07 Dec 2012 00:00:00 +0530 Tue, 25 Dec 2012 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219784 The court granted sanction to the Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956, allowing the transfer of undertaking, property, rights, powers, liabilities, and duties from the Transferor company to the Transferee company. The Transferor company would be dissolved without winding up upon the Scheme taking effect. The court emphasized compliance with statutory requirements, including payment of stamp duty, taxes, and deposition of a sum in the Common Pool Fund of the Official Liquidator by the petitioner Companies within a specified timeframe. The petition was allowed, and the order was to be promptly issued. Case-Laws Companies Law Fri, 07 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219784