https://www.taxtmi.com/caselaws?id=343818 The court granted sanction to the proposed Scheme of Amalgamation, directing the Petitioner Companies to comply with statutory requirements. The court noted no objections from interested parties, with approvals from shareholders, the Official Liquidator, and the Regional Director. The order specified that statutory authorities could pursue liabilities of the Transferor Companies against the Transferee Company. The Petitioner Companies were instructed to fulfill obligations, file a certified copy of the order, and deposit funds in a designated welfare fund. The petition was allowed and disposed of, emphasizing adherence to statutory provisions and financial responsibilities. en-us Tue, 30 May 2017 00:00:00 +0530 Fri, 02 Jun 2017 06:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343818 The court granted sanction to the proposed Scheme of Amalgamation, directing the Petitioner Companies to comply with statutory requirements. The court noted no objections from interested parties, with approvals from shareholders, the Official Liquidator, and the Regional Director. The order specified that statutory authorities could pursue liabilities of the Transferor Companies against the Transferee Company. The Petitioner Companies were instructed to fulfill obligations, file a certified copy of the order, and deposit funds in a designated welfare fund. The petition was allowed and disposed of, emphasizing adherence to statutory provisions and financial responsibilities. Case-Laws Companies Law Tue, 30 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343818