https://www.taxtmi.com/caselaws?id=279435 The High Court initially dispensed with the requirement of convening meetings of shareholders and creditors for the approval of a scheme of arrangement for amalgamation. However, the National Company Law Tribunal highlighted the necessity of RBI approval for companies engaged in NBFC activities. Due to the lack of RBI approval and failure to provide evidence thereof, the Tribunal dismissed the petition without costs. en-us Wed, 02 May 2018 00:00:00 +0530 Mon, 18 Mar 2019 06:52:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279435 The High Court initially dispensed with the requirement of convening meetings of shareholders and creditors for the approval of a scheme of arrangement for amalgamation. However, the National Company Law Tribunal highlighted the necessity of RBI approval for companies engaged in NBFC activities. Due to the lack of RBI approval and failure to provide evidence thereof, the Tribunal dismissed the petition without costs. Case-Laws Companies Law Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279435