https://www.taxtmi.com/caselaws?id=195034 The High Court of Judicature, Bombay approved the Scheme of Arrangement for the Demerger and Transfer of Investment Business from one company to another under Sections 391 to 394 of the Companies Act, 1956. The Court granted dispensation from convening meetings of Equity Shareholders and Creditors, as all Equity Shareholders had consented to the scheme and assurances were made regarding creditors' rights and interests. The Court disposed of the application in favor of the Applicant Company, ensuring compliance with legal requirements and approval of the proposed scheme. en-us Fri, 22 Apr 2016 00:00:00 +0530 Thu, 12 Oct 2017 08:17:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195034 The High Court of Judicature, Bombay approved the Scheme of Arrangement for the Demerger and Transfer of Investment Business from one company to another under Sections 391 to 394 of the Companies Act, 1956. The Court granted dispensation from convening meetings of Equity Shareholders and Creditors, as all Equity Shareholders had consented to the scheme and assurances were made regarding creditors' rights and interests. The Court disposed of the application in favor of the Applicant Company, ensuring compliance with legal requirements and approval of the proposed scheme. Case-Laws Companies Law Fri, 22 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195034