https://www.taxtmi.com/caselaws?id=337045 The Court granted sanction to a Scheme of Arrangement under Sections 391 and 394 of the Companies Act, 1956, involving two companies incorporated in Delhi. The Scheme, approved by directors and creditors, aimed at issuing shares for operational efficiencies. Reports indicated no objections, and the Court directed compliance with statutory requirements. The Transferor Company was dissolved without winding up, with a directive for compliance and depositing a sum with the Delhi High Court Bar Association Lawyers' Social and Welfare Fund. The petition was allowed, emphasizing adherence to all Scheme provisions and legal obligations. en-us Fri, 23 Dec 2016 00:00:00 +0530 Tue, 03 Jan 2017 09:50:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337045 The Court granted sanction to a Scheme of Arrangement under Sections 391 and 394 of the Companies Act, 1956, involving two companies incorporated in Delhi. The Scheme, approved by directors and creditors, aimed at issuing shares for operational efficiencies. Reports indicated no objections, and the Court directed compliance with statutory requirements. The Transferor Company was dissolved without winding up, with a directive for compliance and depositing a sum with the Delhi High Court Bar Association Lawyers' Social and Welfare Fund. The petition was allowed, emphasizing adherence to all Scheme provisions and legal obligations. Case-Laws Companies Law Fri, 23 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337045