https://www.taxtmi.com/caselaws?id=329746 The court sanctioned a Composite Scheme of Arrangement involving de-mergers, transfers of business undertakings, restructuring of share capital, and reduction of equity share capital within the Essar Group. Leave was granted to amend petitions, meetings for shareholders and creditors were dispensed with, and compliance with regulatory authorities, including FEMA and RBI guidelines, was confirmed. The court approved the scheme, directing compliance with procedural requirements and payment of costs, finding it in the interest of shareholders, creditors, and the public. en-us Fri, 01 Jul 2016 00:00:00 +0530 Fri, 08 Jul 2016 14:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329746 The court sanctioned a Composite Scheme of Arrangement involving de-mergers, transfers of business undertakings, restructuring of share capital, and reduction of equity share capital within the Essar Group. Leave was granted to amend petitions, meetings for shareholders and creditors were dispensed with, and compliance with regulatory authorities, including FEMA and RBI guidelines, was confirmed. The court approved the scheme, directing compliance with procedural requirements and payment of costs, finding it in the interest of shareholders, creditors, and the public. Case-Laws Companies Law Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329746