https://www.taxtmi.com/caselaws?id=334107 Sanction was granted to a Scheme of Arrangement and amalgamation where the equity shareholders and creditors had approved the proposal, the Official Liquidator reported no prejudice to members, creditors or the public interest, and the court found the Regional Director's objections answerable. Pending balance-sheet filings were accepted as capable of completion, and the companies were held not to be NBFCs, so RBI approval was not required. With no opposition from any other quarter, the scheme was approved and the transferor companies were directed to stand dissolved on the scheme taking effect. en-us Fri, 02 Sep 2016 00:00:00 +0530 Fri, 04 Nov 2016 09:33:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334107 Sanction was granted to a Scheme of Arrangement and amalgamation where the equity shareholders and creditors had approved the proposal, the Official Liquidator reported no prejudice to members, creditors or the public interest, and the court found the Regional Director's objections answerable. Pending balance-sheet filings were accepted as capable of completion, and the companies were held not to be NBFCs, so RBI approval was not required. With no opposition from any other quarter, the scheme was approved and the transferor companies were directed to stand dissolved on the scheme taking effect. Case-Laws Companies Law Fri, 02 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334107