https://www.taxtmi.com/caselaws?id=194408 The Delhi High Court allowed the first motion application for a Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, jointly moved by a transferor and transferee company. The court dispensed with the need for meetings of shareholders and creditors, as all relevant parties had consented to the scheme. Since the transferor company was a 100% subsidiary of the transferee company, no separate application was required for the transferee company. The application was granted in the stated terms. en-us Mon, 18 Jan 2016 00:00:00 +0530 Thu, 30 Nov 2017 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194408 The Delhi High Court allowed the first motion application for a Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, jointly moved by a transferor and transferee company. The court dispensed with the need for meetings of shareholders and creditors, as all relevant parties had consented to the scheme. Since the transferor company was a 100% subsidiary of the transferee company, no separate application was required for the transferee company. The application was granted in the stated terms. Case-Laws Companies Law Mon, 18 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194408