https://www.taxtmi.com/caselaws?id=273188 The Delhi High Court granted the application under Section 391 of the Companies Act, 1956, allowing the dispensation of shareholder and creditor meetings for a Scheme of Amalgamation involving multiple transferor companies merging with a transferee company. The court approved the Scheme as all companies' Boards of Directors had unanimously endorsed it, and consents were obtained from equity shareholders and creditors. The judgment highlighted the cancellation of equity capital of transferor companies upon sanction of the Scheme and approved the application, dispensing with meetings for certain companies involved in the Amalgamation. en-us Fri, 02 Sep 2016 00:00:00 +0530 Sat, 09 Jun 2018 21:57:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273188 The Delhi High Court granted the application under Section 391 of the Companies Act, 1956, allowing the dispensation of shareholder and creditor meetings for a Scheme of Amalgamation involving multiple transferor companies merging with a transferee company. The court approved the Scheme as all companies' Boards of Directors had unanimously endorsed it, and consents were obtained from equity shareholders and creditors. The judgment highlighted the cancellation of equity capital of transferor companies upon sanction of the Scheme and approved the application, dispensing with meetings for certain companies involved in the Amalgamation. Case-Laws Companies Law Fri, 02 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273188