https://www.taxtmi.com/caselaws?id=275208 The Tribunal dismissed the application due to the lack of approval by Secured Creditors for the Scheme of Amalgamation. The Chairperson and scrutinizer reports highlighted deficiencies in proxies and incomplete documentation, rendering the proxies invalid. The applicant's subsequent changes to the Scheme were not approved by Secured Creditors, leading to the rejection of the application. The Tribunal advised the Applicant to revise the Scheme and file a new Company petition for approval. en-us Fri, 03 Nov 2017 00:00:00 +0530 Tue, 18 Apr 2023 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275208 The Tribunal dismissed the application due to the lack of approval by Secured Creditors for the Scheme of Amalgamation. The Chairperson and scrutinizer reports highlighted deficiencies in proxies and incomplete documentation, rendering the proxies invalid. The applicant's subsequent changes to the Scheme were not approved by Secured Creditors, leading to the rejection of the application. The Tribunal advised the Applicant to revise the Scheme and file a new Company petition for approval. Case-Laws Companies Law Fri, 03 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275208