https://www.taxtmi.com/caselaws?id=329351 The court granted approval for a Composite Scheme of Arrangement involving Demerger and Transfer of Undertakings, with the aim of streamlining organizational structure and achieving commercial synergies. Shareholder and creditor meetings were dispensed with, and objections were absent. The scheme was found to be in stakeholders' and the public's interest, compliant with statutory requirements and tax laws. The court sanctioned the scheme, quantified costs, and issued directives for stamp duty adjudication, filing, and implementation, emphasizing prompt action by authorities. en-us Thu, 23 Jun 2016 00:00:00 +0530 Wed, 29 Jun 2016 20:44:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329351 The court granted approval for a Composite Scheme of Arrangement involving Demerger and Transfer of Undertakings, with the aim of streamlining organizational structure and achieving commercial synergies. Shareholder and creditor meetings were dispensed with, and objections were absent. The scheme was found to be in stakeholders' and the public's interest, compliant with statutory requirements and tax laws. The court sanctioned the scheme, quantified costs, and issued directives for stamp duty adjudication, filing, and implementation, emphasizing prompt action by authorities. Case-Laws Companies Law Thu, 23 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329351