https://www.taxtmi.com/caselaws?id=338340 The Court sanctioned the Composite Scheme of Arrangement under sections 391 and 394 of the Companies Act, 1956. The Scheme involves merging and demerging of companies, with benefits including focused management and attracting strategic investors. The Court granted dissolution of the transferor company without winding up, subject to compliance and payment of costs. The petitioners are directed to deposit a sum of Rs. 50,000 as costs with the Official Liquidator. en-us Wed, 19 Oct 2016 00:00:00 +0530 Thu, 02 Feb 2017 06:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338340 The Court sanctioned the Composite Scheme of Arrangement under sections 391 and 394 of the Companies Act, 1956. The Scheme involves merging and demerging of companies, with benefits including focused management and attracting strategic investors. The Court granted dissolution of the transferor company without winding up, subject to compliance and payment of costs. The petitioners are directed to deposit a sum of Rs. 50,000 as costs with the Official Liquidator. Case-Laws Companies Law Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338340