https://www.taxtmi.com/caselaws?id=195622 The Transferee Company sought dispensation from the Bombay High Court for sanction of a Scheme of Amalgamation with the Transferor company, as it held 100% equity shares of the Transferor. Previous court directions had dispensed with the need for approval from shareholders and creditors. Citing legal precedents, including cases like Auto Tools India Pvt. Ltd., the court ruled that a separate application for sanction by the Transferee was unnecessary. Consequently, the application was granted, and the Transferee was not required to approach the High Court for approval of the Scheme. en-us Wed, 16 Jan 2013 00:00:00 +0530 Mon, 06 Nov 2017 12:52:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195622 The Transferee Company sought dispensation from the Bombay High Court for sanction of a Scheme of Amalgamation with the Transferor company, as it held 100% equity shares of the Transferor. Previous court directions had dispensed with the need for approval from shareholders and creditors. Citing legal precedents, including cases like Auto Tools India Pvt. Ltd., the court ruled that a separate application for sanction by the Transferee was unnecessary. Consequently, the application was granted, and the Transferee was not required to approach the High Court for approval of the Scheme. Case-Laws Companies Law Wed, 16 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195622