https://www.taxtmi.com/caselaws?id=398484 The judgment pertains to a Scheme of Merger by Absorption between two companies, involving the transfer of assets and liabilities to another company and their respective shareholders. The meetings of Equity and Preference Shareholders have been dispensed with based on consent affidavits. The companies are directed to issue notices to Secured and Unsecured Creditors, regulatory authorities, and the Official Liquidator. Responses from these entities will determine objections to the proposed Scheme. The judgment emphasizes compliance with legal provisions, transparency, and protection of the interests of shareholders, creditors, and regulatory authorities involved in the merger process. en-us Tue, 28 Jul 2020 00:00:00 +0530 Thu, 17 Sep 2020 15:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398484 The judgment pertains to a Scheme of Merger by Absorption between two companies, involving the transfer of assets and liabilities to another company and their respective shareholders. The meetings of Equity and Preference Shareholders have been dispensed with based on consent affidavits. The companies are directed to issue notices to Secured and Unsecured Creditors, regulatory authorities, and the Official Liquidator. Responses from these entities will determine objections to the proposed Scheme. The judgment emphasizes compliance with legal provisions, transparency, and protection of the interests of shareholders, creditors, and regulatory authorities involved in the merger process. Case-Laws Companies Law Tue, 28 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398484