https://www.taxtmi.com/caselaws?id=197557 The application under Sections 391(1) and 394 of the Companies Act, 1956 was granted, dispensing with the need for meetings of equity shareholders and unsecured creditors and directing meetings of secured creditors to consider and approve a proposed Scheme of Arrangement. The demerger aimed to merge Investment Businesses of the companies to simplify structures. Share exchange ratios were outlined, and consents were obtained, leading to dispensation of certain meetings based on consent levels. Directions were given for conducting secured creditors' meetings, waiving the need for newspaper notices, and specifying quorum and proxy requirements. Chairpersons were appointed, entitled to fees borne by the applicants. The application was allowed under the specified terms. en-us Mon, 30 May 2016 00:00:00 +0530 Wed, 10 Jan 2018 08:11:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197557 The application under Sections 391(1) and 394 of the Companies Act, 1956 was granted, dispensing with the need for meetings of equity shareholders and unsecured creditors and directing meetings of secured creditors to consider and approve a proposed Scheme of Arrangement. The demerger aimed to merge Investment Businesses of the companies to simplify structures. Share exchange ratios were outlined, and consents were obtained, leading to dispensation of certain meetings based on consent levels. Directions were given for conducting secured creditors' meetings, waiving the need for newspaper notices, and specifying quorum and proxy requirements. Chairpersons were appointed, entitled to fees borne by the applicants. The application was allowed under the specified terms. Case-Laws Companies Law Mon, 30 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197557