https://www.taxtmi.com/caselaws?id=330025 The court granted sanction to the scheme of arrangement involving multiple transferor companies and a transferee company under relevant provisions of the Companies Act. Meetings for various stakeholders were dispensed with based on consent letters and absence of secured creditors. The scheme aimed at simplifying the group structure and enhancing operational efficiency. Compliance with regulatory standards was emphasized, and costs were allocated to the Assistant Solicitor General and Official Liquidator. The court ordered preservation of books of accounts, lodging of the order and scheme with relevant authorities, and found the scheme fair and reasonable, binding on all parties. en-us Fri, 08 Jul 2016 00:00:00 +0530 Fri, 15 Jul 2016 22:16:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330025 The court granted sanction to the scheme of arrangement involving multiple transferor companies and a transferee company under relevant provisions of the Companies Act. Meetings for various stakeholders were dispensed with based on consent letters and absence of secured creditors. The scheme aimed at simplifying the group structure and enhancing operational efficiency. Compliance with regulatory standards was emphasized, and costs were allocated to the Assistant Solicitor General and Official Liquidator. The court ordered preservation of books of accounts, lodging of the order and scheme with relevant authorities, and found the scheme fair and reasonable, binding on all parties. Case-Laws Companies Law Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330025