https://www.taxtmi.com/caselaws?id=363087 The Tribunal granted sanction to the Scheme of Arrangement, allowing the demerger and subsequent amalgamation as proposed by the companies. The objections raised by the Regional Director and Official Liquidator were dismissed, with the Tribunal finding compliance with the Companies Act, 2013. Concerns regarding contingent liabilities and asset valuation were addressed satisfactorily. The Tribunal directed the authorities to permit the change of name for the Transferee Company, subject to procedural compliance. The order emphasized adherence to statutory requirements and undertakings without exemption from financial obligations. en-us Fri, 24 Nov 2017 00:00:00 +0530 Sat, 07 Jul 2018 08:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363087 The Tribunal granted sanction to the Scheme of Arrangement, allowing the demerger and subsequent amalgamation as proposed by the companies. The objections raised by the Regional Director and Official Liquidator were dismissed, with the Tribunal finding compliance with the Companies Act, 2013. Concerns regarding contingent liabilities and asset valuation were addressed satisfactorily. The Tribunal directed the authorities to permit the change of name for the Transferee Company, subject to procedural compliance. The order emphasized adherence to statutory requirements and undertakings without exemption from financial obligations. Case-Laws Companies Law Fri, 24 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363087