https://www.taxtmi.com/caselaws?id=259530 The application under Sections 391 and 394 of the Companies Act, 1956 was allowed by the Delhi High Court. The court dispensed with the need for meetings of equity shareholders, secured, and unsecured creditors of both the transferor and transferee companies for the proposed Scheme of Amalgamation. The Scheme aimed at enhancing integration, administration, financial strength, and operational efficiency of the amalgamated entity. All necessary consents were obtained, and the court determined that creditors' rights would not be adversely affected by the amalgamation. en-us Tue, 17 Mar 2015 00:00:00 +0530 Thu, 07 May 2015 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259530 The application under Sections 391 and 394 of the Companies Act, 1956 was allowed by the Delhi High Court. The court dispensed with the need for meetings of equity shareholders, secured, and unsecured creditors of both the transferor and transferee companies for the proposed Scheme of Amalgamation. The Scheme aimed at enhancing integration, administration, financial strength, and operational efficiency of the amalgamated entity. All necessary consents were obtained, and the court determined that creditors' rights would not be adversely affected by the amalgamation. Case-Laws Companies Law Tue, 17 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259530