https://www.taxtmi.com/caselaws?id=238644 The court approved the scheme of arrangement under Sections 391 to 394 of the Companies Act, 1956, allowing for the transfer of assets, liabilities, and dissolution of the transferor company without winding up. All necessary procedures were followed, including compliance with notice issuance and publication requirements, approval by shareholders and creditors, and no objections received from any party. The judgment emphasized the need for additional compliance with statutory requirements and specific laws, with the petitioner companies voluntarily depositing a sum in the Common Pool Fund of the Official Liquidator. en-us Wed, 08 Aug 2012 00:00:00 +0530 Mon, 28 Oct 2013 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238644 The court approved the scheme of arrangement under Sections 391 to 394 of the Companies Act, 1956, allowing for the transfer of assets, liabilities, and dissolution of the transferor company without winding up. All necessary procedures were followed, including compliance with notice issuance and publication requirements, approval by shareholders and creditors, and no objections received from any party. The judgment emphasized the need for additional compliance with statutory requirements and specific laws, with the petitioner companies voluntarily depositing a sum in the Common Pool Fund of the Official Liquidator. Case-Laws Companies Law Wed, 08 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238644