https://www.taxtmi.com/caselaws?id=346397 The NCLT, Ahmedabad sanctioned the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, involving multiple transferor and transferee companies. After addressing concerns raised by the Regional Director, the Tribunal found the Scheme compliant with the Companies Act, genuine, and in the interest of stakeholders. Following a previous NCLT order, the Tribunal declared the Scheme binding on all companies, shareholders, and creditors, with the Transferor Companies to be dissolved. The petitions were allowed, and concerned authorities were instructed to act on the sanctioned Scheme, concluding the matter. en-us Fri, 14 Jul 2017 00:00:00 +0530 Sat, 12 Aug 2017 08:27:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346397 The NCLT, Ahmedabad sanctioned the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, involving multiple transferor and transferee companies. After addressing concerns raised by the Regional Director, the Tribunal found the Scheme compliant with the Companies Act, genuine, and in the interest of stakeholders. Following a previous NCLT order, the Tribunal declared the Scheme binding on all companies, shareholders, and creditors, with the Transferor Companies to be dissolved. The petitions were allowed, and concerned authorities were instructed to act on the sanctioned Scheme, concluding the matter. Case-Laws Companies Law Fri, 14 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346397