https://www.taxtmi.com/caselaws?id=259141 The court allowed the joint application under Sections 391 and 394 of the Companies Act, 1956, dispensing with the need for meetings of equity shareholders, secured, and unsecured creditors for the proposed Scheme of Amalgamation between two companies based in New Delhi. The Scheme aimed at merging the transferor company into the transferee company without issuing new shares, with consents obtained from all relevant parties. With approvals from both companies' Boards and no pending proceedings, the court approved the application, facilitating the amalgamation process. en-us Thu, 16 Apr 2015 00:00:00 +0530 Fri, 01 May 2015 06:10:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259141 The court allowed the joint application under Sections 391 and 394 of the Companies Act, 1956, dispensing with the need for meetings of equity shareholders, secured, and unsecured creditors for the proposed Scheme of Amalgamation between two companies based in New Delhi. The Scheme aimed at merging the transferor company into the transferee company without issuing new shares, with consents obtained from all relevant parties. With approvals from both companies' Boards and no pending proceedings, the court approved the application, facilitating the amalgamation process. Case-Laws Companies Law Thu, 16 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259141