https://www.taxtmi.com/caselaws?id=338222 The court granted sanction to the proposed scheme, directing compliance with all relevant laws and the filing of an undertaking by the Resulting Company. The petition was allowed, subject to compliance with statutory requirements, including the payment of stamp duty and taxes. The Resulting Company was directed to take over and defray all liabilities of the Demerged Undertaking. Additionally, the Petitioner Companies were instructed to deposit a specified amount with the Delhi High Court Bar Association Lawyers Social Security and Welfare Fund within two weeks. en-us Wed, 25 Jan 2017 00:00:00 +0530 Mon, 30 Jan 2017 06:39:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338222 The court granted sanction to the proposed scheme, directing compliance with all relevant laws and the filing of an undertaking by the Resulting Company. The petition was allowed, subject to compliance with statutory requirements, including the payment of stamp duty and taxes. The Resulting Company was directed to take over and defray all liabilities of the Demerged Undertaking. Additionally, the Petitioner Companies were instructed to deposit a specified amount with the Delhi High Court Bar Association Lawyers Social Security and Welfare Fund within two weeks. Case-Laws Companies Law Wed, 25 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338222