https://www.taxtmi.com/caselaws?id=195277 The court approved the Scheme of Arrangement for the amalgamation of two companies under Sections 391 to 394 of the Companies Act, 1956. Shareholders' and creditors' meetings were dispensed with as the shareholders had consented in writing, and the merger would not compromise creditors' interests. The court granted leave for the company to present a petition for the scheme's sanction, concluding that the merger was beneficial and did not require formal meetings for approval. 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=195277 The court approved the Scheme of Arrangement for the amalgamation of two companies under Sections 391 to 394 of the Companies Act, 1956. Shareholders' and creditors' meetings were dispensed with as the shareholders had consented in writing, and the merger would not compromise creditors' interests. The court granted leave for the company to present a petition for the scheme's sanction, concluding that the merger was beneficial and did not require formal meetings for approval. Case-Laws Companies Law Wed, 23 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195277