https://www.taxtmi.com/caselaws?id=196894 The Court approved the joint Application under sections 391 & 394 of the Companies Act, 1956, for the Scheme of Amalgamation of two companies. Meetings of Equity Shareholders and Creditors were dispensed with due to obtained consents. The proposed Scheme was approved by the Board of Directors, ensuring Creditors' interests post-amalgamation. A separate meeting of Equity Shareholders of the Transferee Company was ordered, with detailed provisions for the meeting's conduct. The Court allowed the application in specified terms, emphasizing compliance with legal requirements and ensuring Creditors' protection post-amalgamation. en-us Mon, 02 Jul 2012 00:00:00 +0530 Wed, 21 Feb 2018 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196894 The Court approved the joint Application under sections 391 & 394 of the Companies Act, 1956, for the Scheme of Amalgamation of two companies. Meetings of Equity Shareholders and Creditors were dispensed with due to obtained consents. The proposed Scheme was approved by the Board of Directors, ensuring Creditors' interests post-amalgamation. A separate meeting of Equity Shareholders of the Transferee Company was ordered, with detailed provisions for the meeting's conduct. The Court allowed the application in specified terms, emphasizing compliance with legal requirements and ensuring Creditors' protection post-amalgamation. Case-Laws Companies Law Mon, 02 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196894