https://www.taxtmi.com/caselaws?id=398243 Where all equity shareholders and the sole preferential shareholder gave written consent affidavits, meetings could be dispensed with in a scheme under section 230(1)(b) of the Companies Act, 2013 because no useful purpose would be served. The Tribunal also noted that, given the presence of secured and unsecured creditors, notice under section 230(5) and Rule 8 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 was appropriate, with an opportunity for those creditors and the regulatory authorities to file representations before further consideration of the scheme. en-us Fri, 21 Aug 2020 00:00:00 +0530 Thu, 10 Sep 2020 10:53:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398243 Where all equity shareholders and the sole preferential shareholder gave written consent affidavits, meetings could be dispensed with in a scheme under section 230(1)(b) of the Companies Act, 2013 because no useful purpose would be served. The Tribunal also noted that, given the presence of secured and unsecured creditors, notice under section 230(5) and Rule 8 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 was appropriate, with an opportunity for those creditors and the regulatory authorities to file representations before further consideration of the scheme. Case-Laws Companies Law Fri, 21 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398243