https://www.taxtmi.com/caselaws?id=195278 The court approved the Scheme of Arrangement for the amalgamation of two companies under Sections 391 to 394 of the Companies Act, 1956. Meetings of Equity Shareholders, Secured Creditor, and Unsecured Creditors were dispensed with as their written consents were obtained. A meeting of Unsecured Creditors was scheduled, with specific requirements for advertising and notice circulation. The Director was appointed as the Chairman for the meeting, empowered to handle proceedings and determine decisions. The value of Unsecured Creditors was to be determined based on the applicant Company's books. The Chairman was directed to report the meeting outcome to the Court, concluding the legal proceedings. en-us Wed, 23 Dec 2015 00:00:00 +0530 Wed, 25 Oct 2017 08:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195278 The court approved the Scheme of Arrangement for the amalgamation of two companies under Sections 391 to 394 of the Companies Act, 1956. Meetings of Equity Shareholders, Secured Creditor, and Unsecured Creditors were dispensed with as their written consents were obtained. A meeting of Unsecured Creditors was scheduled, with specific requirements for advertising and notice circulation. The Director was appointed as the Chairman for the meeting, empowered to handle proceedings and determine decisions. The value of Unsecured Creditors was to be determined based on the applicant Company's books. The Chairman was directed to report the meeting outcome to the Court, concluding the legal proceedings. Case-Laws Companies Law Wed, 23 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195278