https://www.taxtmi.com/caselaws?id=262369 The application under Section 391(1) of the Companies Act, 1956 seeking directions to dispense with the requirement of convening meetings of shareholders and creditors to approve the Scheme of Arrangement between three companies has been allowed by the Delhi High Court. The Scheme of Arrangement, aimed at merging the Travel and Real Estate Businesses of the demerged company with two resulting companies, has been approved by the Board of Directors and received consents from all relevant parties. Consequently, the need for formal meetings to approve the Scheme has been waived, and the application has been granted as per the presented terms. en-us Tue, 21 Jul 2015 00:00:00 +0530 Sat, 01 Aug 2015 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262369 The application under Section 391(1) of the Companies Act, 1956 seeking directions to dispense with the requirement of convening meetings of shareholders and creditors to approve the Scheme of Arrangement between three companies has been allowed by the Delhi High Court. The Scheme of Arrangement, aimed at merging the Travel and Real Estate Businesses of the demerged company with two resulting companies, has been approved by the Board of Directors and received consents from all relevant parties. Consequently, the need for formal meetings to approve the Scheme has been waived, and the application has been granted as per the presented terms. Case-Laws Companies Law Tue, 21 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262369