https://www.taxtmi.com/caselaws?id=333237 The court sanctioned the Scheme of Demerger, finding it in the interest of the company and its members, without prejudice to public interest. The Scheme was declared binding on the petitionerCompany, its members, creditors, and all concerned parties, effective from 1st April 2016. The petitionerCompany was directed to provide a certified copy of the order to the Registrar of Companies for registration. Parties were allowed to seek further directions on the Scheme, and a cost of &8377;10,000 was awarded to Mr. Devang Vyas, the learned Additional Solicitor General of India. en-us Fri, 30 Sep 2016 00:00:00 +0530 Fri, 07 Oct 2016 18:59:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333237 The court sanctioned the Scheme of Demerger, finding it in the interest of the company and its members, without prejudice to public interest. The Scheme was declared binding on the petitionerCompany, its members, creditors, and all concerned parties, effective from 1st April 2016. The petitionerCompany was directed to provide a certified copy of the order to the Registrar of Companies for registration. Parties were allowed to seek further directions on the Scheme, and a cost of &8377;10,000 was awarded to Mr. Devang Vyas, the learned Additional Solicitor General of India. Case-Laws Companies Law Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333237