https://www.taxtmi.com/caselaws?id=334145 The court granted sanction to the Scheme of Amalgamation and Arrangement under Sections 391 and 394 of the Companies Act, 1956. The Scheme involved the merger of four transferor companies into one transferee company to enhance operational efficiency and shareholders' value. With approval from shareholders and creditors, and no objections raised, the court approved the Scheme, specifying compliance with statutory requirements. The court also directed the petitioners to deposit a specified sum for costs incurred by the Official Liquidator. Upon the Scheme becoming effective, the transferor companies would be dissolved without winding up. en-us Fri, 02 Sep 2016 00:00:00 +0530 Fri, 04 Nov 2016 09:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334145 The court granted sanction to the Scheme of Amalgamation and Arrangement under Sections 391 and 394 of the Companies Act, 1956. The Scheme involved the merger of four transferor companies into one transferee company to enhance operational efficiency and shareholders' value. With approval from shareholders and creditors, and no objections raised, the court approved the Scheme, specifying compliance with statutory requirements. The court also directed the petitioners to deposit a specified sum for costs incurred by the Official Liquidator. Upon the Scheme becoming effective, the transferor companies would be dissolved without winding up. Case-Laws Companies Law Fri, 02 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334145