https://www.taxtmi.com/caselaws?id=195315 The Court granted dispensation from convening meetings of Equity Shareholders and Unsecured Creditors for a proposed Scheme of Arrangement involving Buy Back of Equity Shares and Restructure of Share Capital under Sections 391 of the Companies Act, 1956. The Scheme, approved by Shareholders, did not compromise Unsecured Creditors' rights, with the company maintaining operations and meeting liabilities. The Court, considering the financial position pre and post the Scheme, dispensed with the need for meetings due to substantial Net Worth and approvals received, ultimately disposing of the Application favorably. en-us Tue, 29 Mar 2016 00:00:00 +0530 Thu, 26 Oct 2017 08:33:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195315 The Court granted dispensation from convening meetings of Equity Shareholders and Unsecured Creditors for a proposed Scheme of Arrangement involving Buy Back of Equity Shares and Restructure of Share Capital under Sections 391 of the Companies Act, 1956. The Scheme, approved by Shareholders, did not compromise Unsecured Creditors' rights, with the company maintaining operations and meeting liabilities. The Court, considering the financial position pre and post the Scheme, dispensed with the need for meetings due to substantial Net Worth and approvals received, ultimately disposing of the Application favorably. Case-Laws Companies Law Tue, 29 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195315