https://www.taxtmi.com/caselaws?id=262220 The Delhi High Court granted the application under Section 391 of the Companies Act, 1956, allowing for dispensing with shareholder and creditor meetings for a Scheme of Arrangement between two companies. The court approved the Scheme, directing separate meetings for unsecured creditors and secured creditors of the transferee company to consider and approve the arrangement. The court outlined the procedures for conducting the creditor meetings and appointed Chairpersons to oversee the process. Ultimately, the court granted the requested directions for the Scheme of Arrangement between the companies. en-us Mon, 27 Jul 2015 00:00:00 +0530 Mon, 03 Aug 2015 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262220 The Delhi High Court granted the application under Section 391 of the Companies Act, 1956, allowing for dispensing with shareholder and creditor meetings for a Scheme of Arrangement between two companies. The court approved the Scheme, directing separate meetings for unsecured creditors and secured creditors of the transferee company to consider and approve the arrangement. The court outlined the procedures for conducting the creditor meetings and appointed Chairpersons to oversee the process. Ultimately, the court granted the requested directions for the Scheme of Arrangement between the companies. Case-Laws Companies Law Mon, 27 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262220