https://www.taxtmi.com/caselaws?id=195532 The court granted dispensation for convening Equity Shareholders' meetings in a Scheme of Arrangement involving the Demerger and Transfer of a Hotel Management Undertaking. It emphasized protecting Creditors' rights, with assurance that their interests would not be affected, and liabilities would be met. Approval from Secured Creditors was required, but Creditors' meetings were dispensed with based on submissions. The judgment ensured compliance with legal provisions, safeguarded stakeholders' interests, and upheld financial commitments towards Creditors. en-us Fri, 15 Jan 2016 00:00:00 +0530 Thu, 02 Nov 2017 17:54:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195532 The court granted dispensation for convening Equity Shareholders' meetings in a Scheme of Arrangement involving the Demerger and Transfer of a Hotel Management Undertaking. It emphasized protecting Creditors' rights, with assurance that their interests would not be affected, and liabilities would be met. Approval from Secured Creditors was required, but Creditors' meetings were dispensed with based on submissions. The judgment ensured compliance with legal provisions, safeguarded stakeholders' interests, and upheld financial commitments towards Creditors. Case-Laws Companies Law Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195532