https://www.taxtmi.com/caselaws?id=332145 The court sanctioned a Composite Scheme of Arrangement involving Merger and Demerger between three companies under the Companies Act, 1956 and Companies Act, 2013. The scheme, aimed at enhancing shareholder value and operational efficiencies, was found fair, reasonable, and in the interest of stakeholders. After addressing regulatory concerns and obtaining the Official Liquidator's favorable opinion, the scheme was approved, binding on all parties. Additional orders were issued for book preservation, cost payment, and filing procedures. The court's decision led to the disposal of the petitions with directions for implementation. en-us Fri, 09 Sep 2016 00:00:00 +0530 Sun, 11 Sep 2016 14:41:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332145 The court sanctioned a Composite Scheme of Arrangement involving Merger and Demerger between three companies under the Companies Act, 1956 and Companies Act, 2013. The scheme, aimed at enhancing shareholder value and operational efficiencies, was found fair, reasonable, and in the interest of stakeholders. After addressing regulatory concerns and obtaining the Official Liquidator's favorable opinion, the scheme was approved, binding on all parties. Additional orders were issued for book preservation, cost payment, and filing procedures. The court's decision led to the disposal of the petitions with directions for implementation. Case-Laws Companies Law Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332145