https://www.taxtmi.com/caselaws?id=195030 The Court approved the Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956, involving the amalgamation of two companies. It dispensed with the meeting of Unsecured Creditors due to the companies' financial stability and commitment to fulfill obligations. Separate meetings of Equity Shareholders and Secured Creditors were directed. Compliance with SEBI regulations was confirmed, and orders were issued for conducting meetings, including appointing a Chairman, determining quorum, allowing proxy voting, and reporting results to the Court. The application was disposed of with detailed procedures for Scheme approval through shareholder and creditor meetings. en-us Mon, 15 Feb 2016 00:00:00 +0530 Thu, 12 Oct 2017 08:17:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195030 The Court approved the Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956, involving the amalgamation of two companies. It dispensed with the meeting of Unsecured Creditors due to the companies' financial stability and commitment to fulfill obligations. Separate meetings of Equity Shareholders and Secured Creditors were directed. Compliance with SEBI regulations was confirmed, and orders were issued for conducting meetings, including appointing a Chairman, determining quorum, allowing proxy voting, and reporting results to the Court. The application was disposed of with detailed procedures for Scheme approval through shareholder and creditor meetings. Case-Laws Companies Law Mon, 15 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195030