https://www.taxtmi.com/caselaws?id=339352 The Court, applying Sections 391 and 394 of the Companies Act, 1956, and Rule 9 of the Companies (Court) Rules, 1959, dispensed with the need for meetings of shareholders and creditors for a proposed Scheme of Amalgamation involving three companies. The Court approved the scheme as all equity shareholders and creditors provided written consent, and there were no pending proceedings against the Applicant Companies. Relying on its discretionary power under section 391(1) of the Act, the Court granted the application and allowed the proposed scheme to proceed without convening meetings, ultimately disposing of the matter. en-us Fri, 10 Feb 2017 00:00:00 +0530 Sat, 25 Feb 2017 10:30:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339352 The Court, applying Sections 391 and 394 of the Companies Act, 1956, and Rule 9 of the Companies (Court) Rules, 1959, dispensed with the need for meetings of shareholders and creditors for a proposed Scheme of Amalgamation involving three companies. The Court approved the scheme as all equity shareholders and creditors provided written consent, and there were no pending proceedings against the Applicant Companies. Relying on its discretionary power under section 391(1) of the Act, the Court granted the application and allowed the proposed scheme to proceed without convening meetings, ultimately disposing of the matter. Case-Laws Companies Law Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339352