https://www.taxtmi.com/caselaws?id=219818 The court granted the joint application under sections 391 & 394 of the Companies Act, 1956 for a Scheme of Arrangement for the de-merger of a Strategic Business Division. The proposed scheme, approved by the Board of Directors of both companies, was supported by shareholders and creditors, leading to dispensation of the requirement for meetings of shareholders and creditors. With consents obtained and no pending proceedings against the companies, the court allowed the application as requested, issuing an Order for Dasti. en-us Mon, 17 Dec 2012 00:00:00 +0530 Fri, 28 Dec 2012 06:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219818 The court granted the joint application under sections 391 & 394 of the Companies Act, 1956 for a Scheme of Arrangement for the de-merger of a Strategic Business Division. The proposed scheme, approved by the Board of Directors of both companies, was supported by shareholders and creditors, leading to dispensation of the requirement for meetings of shareholders and creditors. With consents obtained and no pending proceedings against the companies, the court allowed the application as requested, issuing an Order for Dasti. Case-Laws Companies Law Mon, 17 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219818