https://www.taxtmi.com/caselaws?id=337879 The court allowed the application under Sections 391 to 394 of the Companies Act, 1956 for a Scheme of Amalgamation between two Transferor Companies and a Transferee Company. The requirement of convening and holding meetings of equity shareholders, secured, and unsecured creditors was dispensed with. The Board of Directors approved the proposed Scheme, and written consents were obtained. The court noted the share capital structure and incorporation details of the companies involved. The rights of secured and unsecured creditors were protected, and the need for filing a second motion petition seeking sanction of the Scheme was dispensed with. en-us Fri, 13 Jan 2017 00:00:00 +0530 Fri, 20 Jan 2017 07:23:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337879 The court allowed the application under Sections 391 to 394 of the Companies Act, 1956 for a Scheme of Amalgamation between two Transferor Companies and a Transferee Company. The requirement of convening and holding meetings of equity shareholders, secured, and unsecured creditors was dispensed with. The Board of Directors approved the proposed Scheme, and written consents were obtained. The court noted the share capital structure and incorporation details of the companies involved. The rights of secured and unsecured creditors were protected, and the need for filing a second motion petition seeking sanction of the Scheme was dispensed with. Case-Laws Companies Law Fri, 13 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337879