https://www.taxtmi.com/caselaws?id=194646 The court approved a scheme of amalgamation under Sections 391 and 394 of the Companies Act, 1956, involving two companies, with consent from shareholders and unsecured creditors. The scheme was sanctioned as the majority of shareholders and unsecured creditors provided consent, allowing for dispensation of their meetings. The court granted the application, dispensing with the need for convening meetings of unsecured creditors due to the high percentage of consents obtained, and directed the issuance of necessary copies. en-us Fri, 12 Feb 2016 00:00:00 +0530 Sun, 17 Sep 2017 19:54:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194646 The court approved a scheme of amalgamation under Sections 391 and 394 of the Companies Act, 1956, involving two companies, with consent from shareholders and unsecured creditors. The scheme was sanctioned as the majority of shareholders and unsecured creditors provided consent, allowing for dispensation of their meetings. The court granted the application, dispensing with the need for convening meetings of unsecured creditors due to the high percentage of consents obtained, and directed the issuance of necessary copies. Case-Laws Companies Law Fri, 12 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194646