https://www.taxtmi.com/caselaws?id=272053 The High Court granted sanction for a Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956, involving the demerger of AAC BLOCK Division of Mohit Industries Limited into Bigbloc Construction Limited. Meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors were held and approved, with dispensation granted for the Equity Shareholders' meeting for the Resulting Company. The Regional Director's observations were addressed, compliance ensured, and the Court ultimately sanctioned the Scheme. Costs were determined, compliance requirements specified, and the petitions were disposed of with directions for filing the order with the Registrar of Companies. en-us Mon, 22 Feb 2016 00:00:00 +0530 Thu, 25 Feb 2016 08:52:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272053 The High Court granted sanction for a Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956, involving the demerger of AAC BLOCK Division of Mohit Industries Limited into Bigbloc Construction Limited. Meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors were held and approved, with dispensation granted for the Equity Shareholders' meeting for the Resulting Company. The Regional Director's observations were addressed, compliance ensured, and the Court ultimately sanctioned the Scheme. Costs were determined, compliance requirements specified, and the petitions were disposed of with directions for filing the order with the Registrar of Companies. Case-Laws Companies Law Mon, 22 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272053