https://www.taxtmi.com/caselaws?id=195003 The Court granted the application for the proposed Scheme of Amalgamation of two companies under Sections 391 to 394 of the Companies Act, 1956. Meetings of Secured and Unsecured Creditors were dispensed with due to positive net worth and creditor protection assurances. SEBI approval for public shareholders was obtained through stock exchanges and compliance with Circulars noted. Separate meetings of Equity Shareholders were ordered with detailed directions for conduct, including voting procedures. The Court emphasized compliance with legal requirements and issued comprehensive directives for meeting proceedings, ultimately disposing of the application. en-us Wed, 17 Feb 2016 00:00:00 +0530 Wed, 11 Oct 2017 06:08:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195003 The Court granted the application for the proposed Scheme of Amalgamation of two companies under Sections 391 to 394 of the Companies Act, 1956. Meetings of Secured and Unsecured Creditors were dispensed with due to positive net worth and creditor protection assurances. SEBI approval for public shareholders was obtained through stock exchanges and compliance with Circulars noted. Separate meetings of Equity Shareholders were ordered with detailed directions for conduct, including voting procedures. The Court emphasized compliance with legal requirements and issued comprehensive directives for meeting proceedings, ultimately disposing of the application. Case-Laws Companies Law Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195003