https://www.taxtmi.com/caselaws?id=398357 The Tribunal sanctioned the Scheme of Arrangement under sections 230 to 232 of the Companies Act, 2013 between IndusInd Media And Communications Limited (Demerged Company) and NxtDigital Limited (Resulting Company). The restructuring aims to consolidate the media and communications business, streamline operations, and unlock shareholder value. The Scheme was approved by shareholders and creditors, with compliance to statutory requirements and observations of the Regional Director. The Tribunal directed the Petitioner Companies to fulfill filing and publication requirements post-approval, ensuring compliance with all statutory and procedural steps. en-us Fri, 21 Aug 2020 00:00:00 +0530 Mon, 14 Sep 2020 09:23:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398357 The Tribunal sanctioned the Scheme of Arrangement under sections 230 to 232 of the Companies Act, 2013 between IndusInd Media And Communications Limited (Demerged Company) and NxtDigital Limited (Resulting Company). The restructuring aims to consolidate the media and communications business, streamline operations, and unlock shareholder value. The Scheme was approved by shareholders and creditors, with compliance to statutory requirements and observations of the Regional Director. The Tribunal directed the Petitioner Companies to fulfill filing and publication requirements post-approval, ensuring compliance with all statutory and procedural steps. Case-Laws Companies Law Fri, 21 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398357