https://www.taxtmi.com/caselaws?id=273658 The court granted the company's application for a composite scheme of arrangement under Sections 391-394 of the Companies Act, 1956. The scheme involved the demerger of the Real Estate Undertaking and IT Support Services Undertaking of the Transferor Company, vesting with Resulting Subsidiaries, and amalgamation of the Residual Transferor Company into the Transferee Company. Shareholders and creditors' consent was crucial, and detailed procedures for conducting meetings, appointing Chairpersons, voting by proxy, and notice requirements were outlined. The judgment disposed of the application, providing comprehensive guidelines for the approval process. en-us Fri, 22 Jul 2016 00:00:00 +0530 Mon, 19 Jul 2021 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273658 The court granted the company's application for a composite scheme of arrangement under Sections 391-394 of the Companies Act, 1956. The scheme involved the demerger of the Real Estate Undertaking and IT Support Services Undertaking of the Transferor Company, vesting with Resulting Subsidiaries, and amalgamation of the Residual Transferor Company into the Transferee Company. Shareholders and creditors' consent was crucial, and detailed procedures for conducting meetings, appointing Chairpersons, voting by proxy, and notice requirements were outlined. The judgment disposed of the application, providing comprehensive guidelines for the approval process. Case-Laws Companies Law Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273658