https://www.taxtmi.com/caselaws?id=195572 The High Court of PUNJAB & HARYANA approved the dispensation of the equity shareholders' meeting for a Scheme of Amalgamation due to their consents. No meeting was required for secured creditors. However, a meeting was directed for unsecured creditors in categories B & C to obtain their consents. The court appointed a Chairman and Co-Chairman for the meeting, with specified fees, and required reporting of results within seven days. The meeting was to be conducted in accordance with the law, with proper notification to all concerned parties. Approval of the Scheme required a minimum of 75% in value and majority in number of unsecured creditors present and voting. en-us Mon, 25 May 2015 00:00:00 +0530 Sat, 04 Nov 2017 10:04:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195572 The High Court of PUNJAB & HARYANA approved the dispensation of the equity shareholders' meeting for a Scheme of Amalgamation due to their consents. No meeting was required for secured creditors. However, a meeting was directed for unsecured creditors in categories B & C to obtain their consents. The court appointed a Chairman and Co-Chairman for the meeting, with specified fees, and required reporting of results within seven days. The meeting was to be conducted in accordance with the law, with proper notification to all concerned parties. Approval of the Scheme required a minimum of 75% in value and majority in number of unsecured creditors present and voting. Case-Laws Companies Law Mon, 25 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195572