https://www.taxtmi.com/caselaws?id=259105 The Delhi High Court allowed the application under Sections 391 and 394 of the Companies Act, 1956, dispensing with the need for meetings of equity shareholders and creditors for the proposed Scheme of Amalgamation between two companies based in New Delhi. The Scheme aimed at operational efficiency and business growth, with unanimous approval from the Board of Directors and written consent from equity shareholders. As there were no pending proceedings or creditors, the Court approved the Scheme without the requirement for shareholder and creditor meetings. en-us Thu, 16 Apr 2015 00:00:00 +0530 Wed, 29 Apr 2015 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259105 The Delhi High Court allowed the application under Sections 391 and 394 of the Companies Act, 1956, dispensing with the need for meetings of equity shareholders and creditors for the proposed Scheme of Amalgamation between two companies based in New Delhi. The Scheme aimed at operational efficiency and business growth, with unanimous approval from the Board of Directors and written consent from equity shareholders. As there were no pending proceedings or creditors, the Court approved the Scheme without the requirement for shareholder and creditor meetings. Case-Laws Companies Law Thu, 16 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259105