https://www.taxtmi.com/caselaws?id=195143 The court granted the application by the Transferee Company to dispense with meetings of Equity Shareholders, Secured and Unsecured Creditors for a Scheme of Arrangement. All Equity Shareholders consented, and there were no Secured Creditors. The proposed Scheme would not affect Unsecured Creditors' rights as post-Scheme assets exceeded liabilities. The court also allowed the reduction of capital without following separate procedures under the Companies Act, 1956. The orders issued by the court approved the application in the terms outlined in the judgment. en-us Wed, 27 Apr 2016 00:00:00 +0530 Wed, 29 Nov 2017 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195143 The court granted the application by the Transferee Company to dispense with meetings of Equity Shareholders, Secured and Unsecured Creditors for a Scheme of Arrangement. All Equity Shareholders consented, and there were no Secured Creditors. The proposed Scheme would not affect Unsecured Creditors' rights as post-Scheme assets exceeded liabilities. The court also allowed the reduction of capital without following separate procedures under the Companies Act, 1956. The orders issued by the court approved the application in the terms outlined in the judgment. Case-Laws Companies Law Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195143