https://www.taxtmi.com/caselaws?id=195558 The court sanctioned the Scheme of Arrangement between the Demerged Company and the Resulting Company, approving the reduction of share capital and share premium account. The court found the Scheme to be in the interest of shareholders, creditors, and the public. The Petitioner Companies were directed to comply with procedural requirements, publish notices, and pay costs to the Central Government's Standing Counsel. The petitions were disposed of with directions for compliance, and the court dispensed with the filing and issuance of drawn-up orders. en-us Fri, 10 Jan 2014 00:00:00 +0530 Fri, 03 Nov 2017 17:36:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195558 The court sanctioned the Scheme of Arrangement between the Demerged Company and the Resulting Company, approving the reduction of share capital and share premium account. The court found the Scheme to be in the interest of shareholders, creditors, and the public. The Petitioner Companies were directed to comply with procedural requirements, publish notices, and pay costs to the Central Government's Standing Counsel. The petitions were disposed of with directions for compliance, and the court dispensed with the filing and issuance of drawn-up orders. Case-Laws Companies Law Fri, 10 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195558