https://www.taxtmi.com/caselaws?id=258425 The court sanctioned the Scheme of Arrangement between the Transferor and Transferee Companies under Sections 391-394 of the Companies Act, 1956. Objections from Sales Promotion Employees and an unsecured creditor were dismissed as baseless and not tenable, respectively. The Scheme was deemed compliant with legal and procedural requirements, including those raised by the Regional Director and the Official Liquidator. The Transferor Company was to be dissolved without winding up, and the petitioner agreed to deposit Rs. 1,00,000/- in the Official Liquidator's Common Pool Fund. The order was to be published in specified newspapers and the official Gazette of the Government of Punjab, and the petition was disposed of accordingly. en-us Mon, 09 Mar 2015 00:00:00 +0530 Thu, 09 Apr 2015 05:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258425 The court sanctioned the Scheme of Arrangement between the Transferor and Transferee Companies under Sections 391-394 of the Companies Act, 1956. Objections from Sales Promotion Employees and an unsecured creditor were dismissed as baseless and not tenable, respectively. The Scheme was deemed compliant with legal and procedural requirements, including those raised by the Regional Director and the Official Liquidator. The Transferor Company was to be dissolved without winding up, and the petitioner agreed to deposit Rs. 1,00,000/- in the Official Liquidator's Common Pool Fund. The order was to be published in specified newspapers and the official Gazette of the Government of Punjab, and the petition was disposed of accordingly. Case-Laws Law of Competition Mon, 09 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258425