https://www.taxtmi.com/caselaws?id=195210 The court granted the petitioner's request for sanction of the Scheme of Arrangement between Acteon India Private Limited and its shareholders and creditors. The requirement for convening meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors was dispensed with due to their consent to the proposed Scheme. The court admitted the petition for final hearing, ordered publication of notices in newspapers, and directed compliance with the Companies Act, 1956. This judgment underscores the progress in the approval process, ensuring transparency and legal compliance in corporate restructuring through a Scheme of Arrangement. en-us Thu, 25 Feb 2016 00:00:00 +0530 Mon, 23 Oct 2017 08:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195210 The court granted the petitioner's request for sanction of the Scheme of Arrangement between Acteon India Private Limited and its shareholders and creditors. The requirement for convening meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors was dispensed with due to their consent to the proposed Scheme. The court admitted the petition for final hearing, ordered publication of notices in newspapers, and directed compliance with the Companies Act, 1956. This judgment underscores the progress in the approval process, ensuring transparency and legal compliance in corporate restructuring through a Scheme of Arrangement. Case-Laws Companies Law Thu, 25 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195210