https://www.taxtmi.com/caselaws?id=196843 The application under Sections 391 and 394 of the Companies Act, 1956 for a Scheme of Arrangement between the Transferee company and Demerged company was allowed by the Delhi High Court. The proposed Scheme, approved by both companies' Boards of Directors, was granted dispensation for convening meetings of certain shareholders and creditors, with necessary directions provided for the meeting of unsecured creditors. The Court directed the Transferee company to fulfill publication and notice requirements for the creditors' meeting, allowing for proxy voting and requiring prompt filing of meeting reports. en-us Tue, 22 Jan 2013 00:00:00 +0530 Sat, 16 Dec 2017 14:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196843 The application under Sections 391 and 394 of the Companies Act, 1956 for a Scheme of Arrangement between the Transferee company and Demerged company was allowed by the Delhi High Court. The proposed Scheme, approved by both companies' Boards of Directors, was granted dispensation for convening meetings of certain shareholders and creditors, with necessary directions provided for the meeting of unsecured creditors. The Court directed the Transferee company to fulfill publication and notice requirements for the creditors' meeting, allowing for proxy voting and requiring prompt filing of meeting reports. Case-Laws Companies Law Tue, 22 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196843