https://www.taxtmi.com/caselaws?id=365558 The appellate tribunal upheld the NCLT's approval of the Scheme of Arrangement between the Respondent Companies, dismissing the Appellant's objections. The Appellant's claims regarding non-inclusion in creditor lists, alleged suppression of facts, and satisfaction of the Arbitral Award were rejected. The tribunal found that the demerger did not hinder the Appellant's ability to recover dues, as both companies would continue to exist post-demerger. The Appellant's appeal was dismissed, and costs were awarded to each Respondent. en-us Wed, 08 Aug 2018 00:00:00 +0530 Wed, 26 Dec 2018 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365558 The appellate tribunal upheld the NCLT's approval of the Scheme of Arrangement between the Respondent Companies, dismissing the Appellant's objections. The Appellant's claims regarding non-inclusion in creditor lists, alleged suppression of facts, and satisfaction of the Arbitral Award were rejected. The tribunal found that the demerger did not hinder the Appellant's ability to recover dues, as both companies would continue to exist post-demerger. The Appellant's appeal was dismissed, and costs were awarded to each Respondent. Case-Laws Companies Law Wed, 08 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365558