https://www.taxtmi.com/caselaws?id=382826 The Tribunal's decision was overturned due to non-compliance with Section 230(1) of the Companies Act, 2013, and for exceeding its jurisdiction by assessing the merits of the demerger scheme prematurely. The case was remanded to the National Company Law Tribunal, Bengaluru Bench, for further proceedings, with instructions to adhere to legal requirements by obtaining the consent of creditors and members or convening necessary meetings. en-us Mon, 27 May 2019 00:00:00 +0530 Wed, 10 Jul 2019 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382826 The Tribunal's decision was overturned due to non-compliance with Section 230(1) of the Companies Act, 2013, and for exceeding its jurisdiction by assessing the merits of the demerger scheme prematurely. The case was remanded to the National Company Law Tribunal, Bengaluru Bench, for further proceedings, with instructions to adhere to legal requirements by obtaining the consent of creditors and members or convening necessary meetings. Case-Laws Law of Competition Mon, 27 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382826