https://www.taxtmi.com/caselaws?id=195544 The Court approved the petitioner's Composite Scheme of Arrangement involving amalgamation and demerger, dispensing with the meeting of unsecured creditors due to the Transferee Company's positive net worth. The scheme obtained unanimous approval from Equity Shareholders, consents from secured creditors, and necessary stock exchange approvals. The Court scheduled a hearing and directed appropriate notices, emphasizing the importance of creditor protection, shareholder approval, and regulatory compliance in corporate transactions. en-us Tue, 06 Oct 2015 00:00:00 +0530 Fri, 03 Nov 2017 10:10:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195544 The Court approved the petitioner's Composite Scheme of Arrangement involving amalgamation and demerger, dispensing with the meeting of unsecured creditors due to the Transferee Company's positive net worth. The scheme obtained unanimous approval from Equity Shareholders, consents from secured creditors, and necessary stock exchange approvals. The Court scheduled a hearing and directed appropriate notices, emphasizing the importance of creditor protection, shareholder approval, and regulatory compliance in corporate transactions. Case-Laws Companies Law Tue, 06 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195544