https://www.taxtmi.com/caselaws?id=270830 The Punjab and Haryana High Court sanctioned a Scheme of merger between two companies, with the Transferee company assuming all responsibilities and liabilities of the Transferor company. The Scheme adequately addressed pending litigations, tax-related issues, and compliance with procedural requirements under relevant laws. Assets and liabilities were to be transferred, leading to the dissolution of the Transferor company without winding up. The Court declared the Scheme binding on both companies, their shareholders, and creditors, with a formal order to be filed within 30 days. The Transferee company agreed to deposit a sum in the Common Pool Fund Account, leading to the petition's disposal. en-us Tue, 06 Oct 2015 00:00:00 +0530 Wed, 13 Jan 2016 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270830 The Punjab and Haryana High Court sanctioned a Scheme of merger between two companies, with the Transferee company assuming all responsibilities and liabilities of the Transferor company. The Scheme adequately addressed pending litigations, tax-related issues, and compliance with procedural requirements under relevant laws. Assets and liabilities were to be transferred, leading to the dissolution of the Transferor company without winding up. The Court declared the Scheme binding on both companies, their shareholders, and creditors, with a formal order to be filed within 30 days. The Transferee company agreed to deposit a sum in the Common Pool Fund Account, leading to the petition's disposal. Case-Laws Companies Law Tue, 06 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270830