https://www.taxtmi.com/caselaws?id=329745 The court sanctioned a Composite Scheme of Arrangement involving the demerger and transfer of real estate and portfolio investment undertakings, as well as the amalgamation of residue undertakings of multiple companies. The scheme aimed to streamline business activities, restructure share capital, and comply with statutory requirements. Despite specific objections and observations by the Regional Director, the court found the scheme to be in the interest of shareholders, creditors, and the public. The petitions were disposed of, costs were allocated, and the petitioner companies were directed to comply with relevant provisions of the Act. en-us Thu, 30 Jun 2016 00:00:00 +0530 Fri, 08 Jul 2016 14:26:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329745 The court sanctioned a Composite Scheme of Arrangement involving the demerger and transfer of real estate and portfolio investment undertakings, as well as the amalgamation of residue undertakings of multiple companies. The scheme aimed to streamline business activities, restructure share capital, and comply with statutory requirements. Despite specific objections and observations by the Regional Director, the court found the scheme to be in the interest of shareholders, creditors, and the public. The petitions were disposed of, costs were allocated, and the petitioner companies were directed to comply with relevant provisions of the Act. Case-Laws Companies Law Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329745