https://www.taxtmi.com/caselaws?id=196847 The court approved the joint application under sections 391 and 394 of the Companies Act, 1956 for the Scheme of Amalgamation of two companies based in Delhi. Compliance with company law was confirmed, consents of shareholders and creditors were obtained, and the need for convening meetings of unsecured creditors was dispensed with due to positive net worth and assurance of regular payment cycles. The court dispensed with the requirement of separate meetings of unsecured trade creditors and granted the application in the presented terms, ordering dasti delivery. en-us Mon, 08 Apr 2013 00:00:00 +0530 Sat, 16 Dec 2017 15:17:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196847 The court approved the joint application under sections 391 and 394 of the Companies Act, 1956 for the Scheme of Amalgamation of two companies based in Delhi. Compliance with company law was confirmed, consents of shareholders and creditors were obtained, and the need for convening meetings of unsecured creditors was dispensed with due to positive net worth and assurance of regular payment cycles. The court dispensed with the requirement of separate meetings of unsecured trade creditors and granted the application in the presented terms, ordering dasti delivery. Case-Laws Companies Law Mon, 08 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196847