https://www.taxtmi.com/caselaws?id=194308 The court, in an application under Sections 391(1) & 394 of the Companies Act, 1956 seeking dispensation of meetings for approval of a Scheme of Amalgamation, allowed the applicant's request. The court dispensed with the requirement of convening meetings of equity shareholders, secured, and unsecured creditors for the proposed Scheme of Amalgamation between the transferee company and the transferor company, citing the wholly-owned subsidiary relationship and the absence of adverse effects on creditors' rights. The court's decision was based on established legal principles and precedents, leading to the approval of the application. en-us Fri, 06 Feb 2015 00:00:00 +0530 Mon, 04 Sep 2017 22:07:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194308 The court, in an application under Sections 391(1) & 394 of the Companies Act, 1956 seeking dispensation of meetings for approval of a Scheme of Amalgamation, allowed the applicant's request. The court dispensed with the requirement of convening meetings of equity shareholders, secured, and unsecured creditors for the proposed Scheme of Amalgamation between the transferee company and the transferor company, citing the wholly-owned subsidiary relationship and the absence of adverse effects on creditors' rights. The court's decision was based on established legal principles and precedents, leading to the approval of the application. Case-Laws Companies Law Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194308