https://www.taxtmi.com/caselaws?id=345109 The High Court of Delhi approved the scheme of arrangement and amalgamation involving multiple companies, with amendments and directions for creditor meetings. The case was transferred to the National Company Law Tribunal for further consideration, with compliance confirmed regarding statutory formalities. Disputed tax liabilities were addressed, with objections not deemed significant due to the Transferee Company's reserves. Observations by the Regional Director highlighted compliance issues, including the need for an auditor's certificate on Accounting Standards. The Tribunal granted a two-week deadline for the certificate's submission, emphasizing statutory compliance and auditor verification. en-us Mon, 29 May 2017 00:00:00 +0530 Sat, 08 Jul 2017 07:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345109 The High Court of Delhi approved the scheme of arrangement and amalgamation involving multiple companies, with amendments and directions for creditor meetings. The case was transferred to the National Company Law Tribunal for further consideration, with compliance confirmed regarding statutory formalities. Disputed tax liabilities were addressed, with objections not deemed significant due to the Transferee Company's reserves. Observations by the Regional Director highlighted compliance issues, including the need for an auditor's certificate on Accounting Standards. The Tribunal granted a two-week deadline for the certificate's submission, emphasizing statutory compliance and auditor verification. Case-Laws Companies Law Mon, 29 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345109