https://www.taxtmi.com/caselaws?id=194516 The application under Sections 391 to 394 of the Companies Act, 1956 seeking directions to dispense with the requirement of convening a meeting of secured creditors and hold separate meetings of equity shareholders and unsecured creditors for approving the Scheme of Arrangement and Amalgamation was allowed. The applicant company, a listed entity based in New Delhi, proposed a Scheme involving three companies based in Mumbai for business expansion. The Board of Directors approved the Scheme, and consents from secured creditors were obtained, leading to the approval of the application in the specified terms. en-us Wed, 03 Aug 2016 00:00:00 +0530 Mon, 11 Sep 2017 21:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194516 The application under Sections 391 to 394 of the Companies Act, 1956 seeking directions to dispense with the requirement of convening a meeting of secured creditors and hold separate meetings of equity shareholders and unsecured creditors for approving the Scheme of Arrangement and Amalgamation was allowed. The applicant company, a listed entity based in New Delhi, proposed a Scheme involving three companies based in Mumbai for business expansion. The Board of Directors approved the Scheme, and consents from secured creditors were obtained, leading to the approval of the application in the specified terms. Case-Laws Companies Law Wed, 03 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194516