https://www.taxtmi.com/caselaws?id=331231 The High Court sanctioned the Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, involving the transfer of assets and liabilities to a designated Transferee Company. The Scheme was deemed binding on the Petitioner-Transferor and Transferee Companies, their Shareholders, Creditors, and all concerned parties. The Assets and Liabilities of the Transferor Companies would vest in the Transferee Company, leading to the dissolution of the Transferor Companies without winding up. The Petitioner-Companies agreed to deposit a sum in the Common Pool Fund Account of the Official Liquidator, which was accepted by the Court, resulting in the disposal of the matter. en-us Mon, 01 Aug 2016 00:00:00 +0530 Wed, 17 Aug 2016 09:59:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331231 The High Court sanctioned the Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, involving the transfer of assets and liabilities to a designated Transferee Company. The Scheme was deemed binding on the Petitioner-Transferor and Transferee Companies, their Shareholders, Creditors, and all concerned parties. The Assets and Liabilities of the Transferor Companies would vest in the Transferee Company, leading to the dissolution of the Transferor Companies without winding up. The Petitioner-Companies agreed to deposit a sum in the Common Pool Fund Account of the Official Liquidator, which was accepted by the Court, resulting in the disposal of the matter. Case-Laws Companies Law Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331231