https://www.taxtmi.com/caselaws?id=326156 The Court sanctioned the Scheme of Arrangement for the Demerger and Transfer of the Hospitality Management Undertaking between two companies, along with the restructuring of share capital under relevant sections of the Companies Act, 1956. The restructuring aimed to allow each company to focus on its respective businesses independently, streamline operations, and ensure compliance with FEMA and RBI guidelines. After addressing observations and obtaining consents, the Court approved the scheme, finding it beneficial for shareholders, creditors, and the public. The petitions were granted, costs were determined, and directions were given for further actions, leading to the disposal of the petitions. en-us Mon, 04 Apr 2016 00:00:00 +0530 Fri, 08 Apr 2016 11:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326156 The Court sanctioned the Scheme of Arrangement for the Demerger and Transfer of the Hospitality Management Undertaking between two companies, along with the restructuring of share capital under relevant sections of the Companies Act, 1956. The restructuring aimed to allow each company to focus on its respective businesses independently, streamline operations, and ensure compliance with FEMA and RBI guidelines. After addressing observations and obtaining consents, the Court approved the scheme, finding it beneficial for shareholders, creditors, and the public. The petitions were granted, costs were determined, and directions were given for further actions, leading to the disposal of the petitions. Case-Laws Companies Law Mon, 04 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326156