https://www.taxtmi.com/caselaws?id=220067 The court approved the joint Application under Sections 391 and 394 of the Companies Act, 1956 for a Scheme of Arrangement involving two companies. Dispensation was granted for convening meetings of Equity Shareholders and Unsecured Creditors based on obtained consents. The consents from different categories of shareholders and creditors were outlined, and meetings supervised by the Court were proposed. Chairpersons were appointed for the meetings, quorum requirements specified, and voting by proxy allowed. The judgment ensured compliance with legal procedures and safeguarded the interests of shareholders and creditors involved in the Scheme of Arrangement. en-us Fri, 07 Dec 2012 00:00:00 +0530 Wed, 09 Jan 2013 14:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220067 The court approved the joint Application under Sections 391 and 394 of the Companies Act, 1956 for a Scheme of Arrangement involving two companies. Dispensation was granted for convening meetings of Equity Shareholders and Unsecured Creditors based on obtained consents. The consents from different categories of shareholders and creditors were outlined, and meetings supervised by the Court were proposed. Chairpersons were appointed for the meetings, quorum requirements specified, and voting by proxy allowed. The judgment ensured compliance with legal procedures and safeguarded the interests of shareholders and creditors involved in the Scheme of Arrangement. Case-Laws Companies Law Fri, 07 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220067