https://www.taxtmi.com/caselaws?id=194741 The court approved the scheme of arrangement under Sections 391 and 394 of the Companies Act, 1956, involving the amalgamation of transferor companies with a transferee company and subsequent share capital re-arrangement. All necessary consents from equity shareholders and creditors were obtained, allowing the court to dispense with the requirement for meetings. The court justified its decision based on the significant majority of consenting parties representing over 3/4th of the total value of equity share capital and outstanding debts to unsecured creditors. en-us Mon, 01 Feb 2016 00:00:00 +0530 Wed, 29 Nov 2017 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194741 The court approved the scheme of arrangement under Sections 391 and 394 of the Companies Act, 1956, involving the amalgamation of transferor companies with a transferee company and subsequent share capital re-arrangement. All necessary consents from equity shareholders and creditors were obtained, allowing the court to dispense with the requirement for meetings. The court justified its decision based on the significant majority of consenting parties representing over 3/4th of the total value of equity share capital and outstanding debts to unsecured creditors. Case-Laws Companies Law Mon, 01 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194741