https://www.taxtmi.com/caselaws?id=264816 The court overruled the objections of the Regional Director and sanctioned the scheme under Sections 391 to 394 of the Companies Act. The court found that the scheme, despite being a slump sale, required approval under these sections. The appointed date for the scheme was deemed appropriate, and the court concluded that the scheme was beneficial to the companies, shareholders, and creditors involved. The court ordered the scheme to be sanctioned and directed the petitioner to notify the Registrar of Companies within 30 days. en-us Thu, 19 Feb 2015 00:00:00 +0530 Sat, 03 Oct 2015 13:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264816 The court overruled the objections of the Regional Director and sanctioned the scheme under Sections 391 to 394 of the Companies Act. The court found that the scheme, despite being a slump sale, required approval under these sections. The appointed date for the scheme was deemed appropriate, and the court concluded that the scheme was beneficial to the companies, shareholders, and creditors involved. The court ordered the scheme to be sanctioned and directed the petitioner to notify the Registrar of Companies within 30 days. Case-Laws Companies Law Thu, 19 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264816