https://www.taxtmi.com/caselaws?id=259958 The court granted sanction to the Scheme of Arrangement under Sections 391 and 394 read with Section 100 of the Companies Act, 1956, between Eros Resorts and Hotels Limited (demerged company) and Eros Grand Resorts & Hotels Private Limited (resulting company). The Scheme involves the demerger of Hotel Holiday Inn to promote independent growth. Approvals were obtained from the Board of Directors, secured and unsecured creditors, and the Regional Director, with no objections raised. The court approved the Scheme, allowing the merger of the Demerged Undertaking into the resulting company, and ordered the petitioners to pay costs for record examination. en-us Tue, 05 May 2015 00:00:00 +0530 Mon, 25 May 2015 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259958 The court granted sanction to the Scheme of Arrangement under Sections 391 and 394 read with Section 100 of the Companies Act, 1956, between Eros Resorts and Hotels Limited (demerged company) and Eros Grand Resorts & Hotels Private Limited (resulting company). The Scheme involves the demerger of Hotel Holiday Inn to promote independent growth. Approvals were obtained from the Board of Directors, secured and unsecured creditors, and the Regional Director, with no objections raised. The court approved the Scheme, allowing the merger of the Demerged Undertaking into the resulting company, and ordered the petitioners to pay costs for record examination. Case-Laws Companies Law Tue, 05 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259958