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    <title>2015 (5) TMI 128 - DELHI HIGH COURT</title>
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    <description>The court allowed the application under Sections 391 and 394 of the Companies Act, 1956, dispensing with the need for shareholder and creditor meetings for the proposed Scheme of Amalgamation between two companies. The court considered the details provided, including the share exchange ratio and approvals obtained, and concluded that all necessary consents were in order. As a result, the court granted dispensation of meetings for both companies&#039; shareholders and creditors, approving the application as per the terms presented.</description>
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      <link>https://www.taxtmi.com/caselaws?id=259254</link>
      <description>The court allowed the application under Sections 391 and 394 of the Companies Act, 1956, dispensing with the need for shareholder and creditor meetings for the proposed Scheme of Amalgamation between two companies. The court considered the details provided, including the share exchange ratio and approvals obtained, and concluded that all necessary consents were in order. As a result, the court granted dispensation of meetings for both companies&#039; shareholders and creditors, approving the application as per the terms presented.</description>
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