https://www.taxtmi.com/caselaws?id=328351 The court sanctioned the Scheme of Arrangement under the Companies Act, 1956, allowing the demerger of the "KPO Business" from one company to another. The court approved compliance with Foreign Direct Investment Policy, confirmed no pending prosecution proceedings, addressed disputed Income Tax dues, and ensured transfer of statutory benefits and liabilities. Despite the absence of a Valuation Report, the court approved the scheme, directing the transfer of assets and liabilities to the resulting company. The scheme was deemed binding on both companies, their shareholders, and creditors, with a formal order of sanction to be published. en-us Mon, 09 May 2016 00:00:00 +0530 Thu, 02 Jun 2016 11:17:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328351 The court sanctioned the Scheme of Arrangement under the Companies Act, 1956, allowing the demerger of the "KPO Business" from one company to another. The court approved compliance with Foreign Direct Investment Policy, confirmed no pending prosecution proceedings, addressed disputed Income Tax dues, and ensured transfer of statutory benefits and liabilities. Despite the absence of a Valuation Report, the court approved the scheme, directing the transfer of assets and liabilities to the resulting company. The scheme was deemed binding on both companies, their shareholders, and creditors, with a formal order of sanction to be published. Case-Laws Companies Law Mon, 09 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328351