https://www.taxtmi.com/caselaws?id=262610 The court granted the joint application under Sections 391 to 394 of the Companies Act, 1956, dispensing with the need for meetings of equity shareholders, secured, and unsecured creditors for the approval of a Scheme of Arrangement between two companies. The Scheme involved merging the Demerged Undertaking into the resulting company, with unanimous approval from both companies' Boards of Directors and consent from shareholders and creditors. As no pending proceedings existed against the applicant companies, the court approved the application as presented, allowing for the dispensation of meetings as requested. en-us Tue, 21 Jul 2015 00:00:00 +0530 Sat, 01 Aug 2015 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262610 The court granted the joint application under Sections 391 to 394 of the Companies Act, 1956, dispensing with the need for meetings of equity shareholders, secured, and unsecured creditors for the approval of a Scheme of Arrangement between two companies. The Scheme involved merging the Demerged Undertaking into the resulting company, with unanimous approval from both companies' Boards of Directors and consent from shareholders and creditors. As no pending proceedings existed against the applicant companies, the court approved the application as presented, allowing for the dispensation of meetings as requested. Case-Laws Companies Law Tue, 21 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262610