https://www.taxtmi.com/caselaws?id=338188 The court allowed the joint application under Sections 391 & 394 of the Companies Act, 1956, dispensing with the need for meetings of equity shareholders, secured creditors, and unsecured creditors for the proposed scheme of amalgamation between the Transferor and Transferee Companies. The scheme, aimed at financial and operational benefits, including share exchange ratios and board approvals, received consents from all stakeholders. The court granted the requested directions, concluding that convening meetings was unnecessary due to the obtained consents, facilitating the amalgamation as per the scheme. en-us Tue, 24 Jan 2017 00:00:00 +0530 Sat, 28 Jan 2017 07:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338188 The court allowed the joint application under Sections 391 & 394 of the Companies Act, 1956, dispensing with the need for meetings of equity shareholders, secured creditors, and unsecured creditors for the proposed scheme of amalgamation between the Transferor and Transferee Companies. The scheme, aimed at financial and operational benefits, including share exchange ratios and board approvals, received consents from all stakeholders. The court granted the requested directions, concluding that convening meetings was unnecessary due to the obtained consents, facilitating the amalgamation as per the scheme. Case-Laws Companies Law Tue, 24 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338188