https://www.taxtmi.com/caselaws?id=195317 The Court granted dispensation of meetings for Equity Shareholders, Preference Shareholders, and Unsecured Creditors in a Scheme of Arrangement involving Amalgamation and Restructure of Share Capital under the Companies Act, 1956. The proposed reduction of Preference Share Capital was approved by all shareholders through consent letters, with no adverse impact on creditors. The Court considered this reduction integral to the Scheme, as it did not affect shareholder liabilities or payments. The judgment disposed of the application, concluding the legal proceedings in accordance with the specified legal provisions. en-us Wed, 27 Apr 2016 00:00:00 +0530 Thu, 26 Oct 2017 08:33:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195317 The Court granted dispensation of meetings for Equity Shareholders, Preference Shareholders, and Unsecured Creditors in a Scheme of Arrangement involving Amalgamation and Restructure of Share Capital under the Companies Act, 1956. The proposed reduction of Preference Share Capital was approved by all shareholders through consent letters, with no adverse impact on creditors. The Court considered this reduction integral to the Scheme, as it did not affect shareholder liabilities or payments. The judgment disposed of the application, concluding the legal proceedings in accordance with the specified legal provisions. Case-Laws Companies Law Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195317