https://www.taxtmi.com/caselaws?id=270793 A scheme of amalgamation and arrangement was sanctioned after the Court found no impediment in the statutory reports or procedural compliance. The scheme provided for transfer of all debts, liabilities, contingent liabilities, duties and obligations of the transferor company to the transferee company from the appointed date, and expressly covered taxes and other statutory dues. The petitioner undertook compliance with future directions of the Court and statutory authorities in relation to past events, subject to legal rights. As the Official Liquidator raised no objection and no proceedings were pending under Sections 235 to 251 of the Companies Act, 1956, the transferor company's assets and liabilities vested in the transferee company and the transferor stood dissolved without winding up. en-us Tue, 13 Oct 2015 00:00:00 +0530 Sat, 16 Jan 2016 07:48:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270793 A scheme of amalgamation and arrangement was sanctioned after the Court found no impediment in the statutory reports or procedural compliance. The scheme provided for transfer of all debts, liabilities, contingent liabilities, duties and obligations of the transferor company to the transferee company from the appointed date, and expressly covered taxes and other statutory dues. The petitioner undertook compliance with future directions of the Court and statutory authorities in relation to past events, subject to legal rights. As the Official Liquidator raised no objection and no proceedings were pending under Sections 235 to 251 of the Companies Act, 1956, the transferor company's assets and liabilities vested in the transferee company and the transferor stood dissolved without winding up. Case-Laws Companies Law Tue, 13 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270793