https://www.taxtmi.com/caselaws?id=197666 The application under Sections 391 to 394 of the Companies Act, 1956 for dispensing with the requirement of convening meetings of equity shareholders and creditors for a proposed Scheme of Arrangement involving three companies in New Delhi is allowed. The Scheme aims to demerge the Transferred Undertaking into the transferee company, with approvals obtained and consents from equity shareholders in order. Separate meetings for secured and unsecured creditors are scheduled, ensuring compliance with quorum requirements and regulatory procedures. The application emphasizes adherence to due processes and regulatory requirements throughout. en-us Fri, 12 Aug 2016 00:00:00 +0530 Tue, 18 Apr 2023 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197666 The application under Sections 391 to 394 of the Companies Act, 1956 for dispensing with the requirement of convening meetings of equity shareholders and creditors for a proposed Scheme of Arrangement involving three companies in New Delhi is allowed. The Scheme aims to demerge the Transferred Undertaking into the transferee company, with approvals obtained and consents from equity shareholders in order. Separate meetings for secured and unsecured creditors are scheduled, ensuring compliance with quorum requirements and regulatory procedures. The application emphasizes adherence to due processes and regulatory requirements throughout. Case-Laws Companies Law Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197666