https://www.taxtmi.com/caselaws?id=344654 The National Company Law Tribunal, Hyderabad, sanctioned the Composite Scheme of Arrangement under Sections 52, 66, and 230 to 232 of the Companies Act, 2013, involving Heritage Foods Limited, Heritage Foods Retail Limited, and Future Retail Limited. The Tribunal found that all statutory requirements were satisfied, stakeholders were duly notified, and the majority approved the scheme. Favorable responses from the Ministry of Corporate Affairs and the Deputy Commissioner of Income Tax, along with approval from the Competition Commission of India, supported the decision. Consequently, the scheme was declared binding on all stakeholders, and the company was instructed to file the order with the Registrar of Companies within 30 days and notify all relevant parties. en-us Wed, 03 May 2017 00:00:00 +0530 Fri, 23 Jun 2017 09:38:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344654 The National Company Law Tribunal, Hyderabad, sanctioned the Composite Scheme of Arrangement under Sections 52, 66, and 230 to 232 of the Companies Act, 2013, involving Heritage Foods Limited, Heritage Foods Retail Limited, and Future Retail Limited. The Tribunal found that all statutory requirements were satisfied, stakeholders were duly notified, and the majority approved the scheme. Favorable responses from the Ministry of Corporate Affairs and the Deputy Commissioner of Income Tax, along with approval from the Competition Commission of India, supported the decision. Consequently, the scheme was declared binding on all stakeholders, and the company was instructed to file the order with the Registrar of Companies within 30 days and notify all relevant parties. Case-Laws Law of Competition Wed, 03 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344654