https://www.taxtmi.com/caselaws?id=258056 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, involving multiple Transferor Companies and a Transferee Company. The order mandated compliance with statutory requirements, transfer of assets and liabilities, and dissolution of Transferor Companies without winding up. Shareholders, Secured Creditors, and Unsecured Creditors approved the Scheme, with no objections from relevant parties. The court emphasized the need for deposit in the Common Pool fund of the Official Liquidator and clarified that the order did not exempt from stamp duty or taxes. en-us Fri, 22 Aug 2014 00:00:00 +0530 Mon, 30 Mar 2015 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258056 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, involving multiple Transferor Companies and a Transferee Company. The order mandated compliance with statutory requirements, transfer of assets and liabilities, and dissolution of Transferor Companies without winding up. Shareholders, Secured Creditors, and Unsecured Creditors approved the Scheme, with no objections from relevant parties. The court emphasized the need for deposit in the Common Pool fund of the Official Liquidator and clarified that the order did not exempt from stamp duty or taxes. Case-Laws Companies Law Fri, 22 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258056