https://www.taxtmi.com/caselaws?id=195559 The Court approved the Scheme of Amalgamation and Arrangement under Sections 391 to 394 of the Companies Act, 1956, dispensing with meetings of Shareholders and Secured Creditors of the Transferor/Petitioner Company. A meeting of Un-Secured Creditors was ordered, with appointed individuals overseeing the process. The meeting's results must be reported to the Court within seven days, following proper legal procedures for notification and voting requirements. Approval of the scheme by Unsecured Creditors necessitates a minimum of 75% in value of those present and voting. en-us Mon, 06 Apr 2015 00:00:00 +0530 Fri, 03 Nov 2017 17:36:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195559 The Court approved the Scheme of Amalgamation and Arrangement under Sections 391 to 394 of the Companies Act, 1956, dispensing with meetings of Shareholders and Secured Creditors of the Transferor/Petitioner Company. A meeting of Un-Secured Creditors was ordered, with appointed individuals overseeing the process. The meeting's results must be reported to the Court within seven days, following proper legal procedures for notification and voting requirements. Approval of the scheme by Unsecured Creditors necessitates a minimum of 75% in value of those present and voting. Case-Laws Companies Law Mon, 06 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195559