https://www.taxtmi.com/caselaws?id=272017 The Court sanctioned the Scheme of Amalgamation under the Companies Act, 1956, involving the cancellation of Equity and Cumulative Compulsorily Convertible Preference Shares of the Transferor Company. Shareholders and creditors approved the Scheme, and no objections were raised post-publication. The Court considered compliance with relevant laws and found the Scheme beneficial for shareholders, creditors, and public interest. The Court granted the prayers in the Company Petitions, directed payment of costs, and instructed the petitioner companies to complete necessary formalities promptly. en-us Fri, 12 Feb 2016 00:00:00 +0530 Wed, 24 Feb 2016 07:45:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272017 The Court sanctioned the Scheme of Amalgamation under the Companies Act, 1956, involving the cancellation of Equity and Cumulative Compulsorily Convertible Preference Shares of the Transferor Company. Shareholders and creditors approved the Scheme, and no objections were raised post-publication. The Court considered compliance with relevant laws and found the Scheme beneficial for shareholders, creditors, and public interest. The Court granted the prayers in the Company Petitions, directed payment of costs, and instructed the petitioner companies to complete necessary formalities promptly. Case-Laws Companies Law Fri, 12 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272017