https://www.taxtmi.com/caselaws?id=339431 The court allowed the application, dispensing with the need for meetings to approve the proposed scheme. This decision was based on consents obtained from equity shareholders, secured creditors, and unsecured creditors, along with certificates confirming debt settlements by Chartered Accountants. The judgment supported the demerger and amalgamation processes outlined by the Applicant Companies, aiming to enhance operational focus, unlock shareholder value, consolidate related businesses, achieve cost synergies, and improve financial ratios. en-us Fri, 10 Feb 2017 00:00:00 +0530 Mon, 27 Feb 2017 10:56:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339431 The court allowed the application, dispensing with the need for meetings to approve the proposed scheme. This decision was based on consents obtained from equity shareholders, secured creditors, and unsecured creditors, along with certificates confirming debt settlements by Chartered Accountants. The judgment supported the demerger and amalgamation processes outlined by the Applicant Companies, aiming to enhance operational focus, unlock shareholder value, consolidate related businesses, achieve cost synergies, and improve financial ratios. Case-Laws Companies Law Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339431