https://www.taxtmi.com/caselaws?id=261096 In a proposed scheme of amalgamation, the court examined whether meetings of equity shareholders, secured creditors and unsecured creditors could be dispensed with where the stated share exchange ratio was inconsistent and the consents on behalf of the holding company lacked proper authorisation. Because these defects affected the reliability of the application, the applicants were directed to file an affidavit clarifying the discrepancies. The matter was then re-notified for further consideration. en-us Fri, 13 Feb 2015 00:00:00 +0530 Thu, 23 Jul 2015 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261096 In a proposed scheme of amalgamation, the court examined whether meetings of equity shareholders, secured creditors and unsecured creditors could be dispensed with where the stated share exchange ratio was inconsistent and the consents on behalf of the holding company lacked proper authorisation. Because these defects affected the reliability of the application, the applicants were directed to file an affidavit clarifying the discrepancies. The matter was then re-notified for further consideration. Case-Laws Companies Law Fri, 13 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261096