https://www.taxtmi.com/caselaws?id=259175 The Delhi High Court granted the application under Sections 391 and 394 of the Companies Act, 1956, dispensing with the requirement of convening meetings of equity shareholders and creditors for the proposed Scheme of Amalgamation involving multiple companies. The Court approved the Scheme, noting the unanimous approvals from the Board of Directors, shareholders, and creditors, as well as the absence of pending proceedings under relevant sections of the Companies Act, 1956. This decision aimed to facilitate the merger of the companies, enhancing operational efficiencies and business capabilities for future growth. en-us Thu, 16 Apr 2015 00:00:00 +0530 Tue, 28 Apr 2015 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259175 The Delhi High Court granted the application under Sections 391 and 394 of the Companies Act, 1956, dispensing with the requirement of convening meetings of equity shareholders and creditors for the proposed Scheme of Amalgamation involving multiple companies. The Court approved the Scheme, noting the unanimous approvals from the Board of Directors, shareholders, and creditors, as well as the absence of pending proceedings under relevant sections of the Companies Act, 1956. This decision aimed to facilitate the merger of the companies, enhancing operational efficiencies and business capabilities for future growth. Case-Laws Companies Law Thu, 16 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259175