https://www.taxtmi.com/caselaws?id=333265 The court granted sanction for the Scheme of Arrangement involving Demerger and Transfer of Undertakings under sections 391 to 394 of the Companies Act, 1956. The scheme aimed to segregate activities between two companies, focusing on Investment and Maintenance Undertakings, with the Manufacturing Undertaking transferred to another company. The court found the scheme to be in the interest of shareholders, creditors, and the public, granting the sanction as prayed in the petitions. Costs were awarded to the Central Govt. Standing Counsel, and directions were given for further administrative steps. en-us Fri, 30 Sep 2016 00:00:00 +0530 Sat, 08 Oct 2016 11:29:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333265 The court granted sanction for the Scheme of Arrangement involving Demerger and Transfer of Undertakings under sections 391 to 394 of the Companies Act, 1956. The scheme aimed to segregate activities between two companies, focusing on Investment and Maintenance Undertakings, with the Manufacturing Undertaking transferred to another company. The court found the scheme to be in the interest of shareholders, creditors, and the public, granting the sanction as prayed in the petitions. Costs were awarded to the Central Govt. Standing Counsel, and directions were given for further administrative steps. Case-Laws Companies Law Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333265