https://www.taxtmi.com/caselaws?id=190760 The petition filed under Sections 391 to 394 of the Companies Act, 1956 for the sanction of a scheme of arrangement between Kanav Papers Private Limited (Demerged Company) and Star Kraft Papers Private Limited (Resulting Company) was granted. The scheme was approved by the Board of Directors of both companies, with no objections received. Shareholders and creditors also approved the scheme, and all concerns raised by the Regional Director were addressed, leading to the court granting sanction to the scheme. The companies were instructed to comply with all statutory requirements, and any deficiencies or violations will be addressed in accordance with the law. en-us Wed, 17 Feb 2016 00:00:00 +0530 Fri, 24 Feb 2017 19:17:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190760 The petition filed under Sections 391 to 394 of the Companies Act, 1956 for the sanction of a scheme of arrangement between Kanav Papers Private Limited (Demerged Company) and Star Kraft Papers Private Limited (Resulting Company) was granted. The scheme was approved by the Board of Directors of both companies, with no objections received. Shareholders and creditors also approved the scheme, and all concerns raised by the Regional Director were addressed, leading to the court granting sanction to the scheme. The companies were instructed to comply with all statutory requirements, and any deficiencies or violations will be addressed in accordance with the law. Case-Laws Indian Laws Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190760