https://www.taxtmi.com/caselaws?id=259284 The High Court granted the application under Sections 391 and 394 of the Companies Act, 1956, allowing the dispensation of shareholder and creditor meetings for the proposed Scheme of Amalgamation involving multiple companies. Consent from equity shareholders and creditors, along with unanimous approval from the Board of Directors of each company, led to the Court's decision. With no pending proceedings against the applicant companies, the Court approved the scheme, highlighting benefits such as operational efficiency and regulatory compliance improvements. en-us Wed, 29 Apr 2015 00:00:00 +0530 Mon, 04 May 2015 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259284 The High Court granted the application under Sections 391 and 394 of the Companies Act, 1956, allowing the dispensation of shareholder and creditor meetings for the proposed Scheme of Amalgamation involving multiple companies. Consent from equity shareholders and creditors, along with unanimous approval from the Board of Directors of each company, led to the Court's decision. With no pending proceedings against the applicant companies, the Court approved the scheme, highlighting benefits such as operational efficiency and regulatory compliance improvements. Case-Laws Companies Law Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259284