https://www.taxtmi.com/caselaws?id=398882 The Tribunal sanctioned the Scheme of Merger by Absorption involving multiple companies under sections 230 to 232 of the Companies Act, 2013. The merger was found to be fair, reasonable, compliant with the law, and not against public policy. The Petitioner Companies addressed all concerns raised by the Regional Director regarding accounting standards, approval processes, and protection of creditors' interests. With all statutory compliances fulfilled, the Tribunal made the Company Petition absolute, sanctioning the merger with an Appointed Date of 1st April 2019. The Transferor Companies were directed to be dissolved without winding up, ensuring stakeholder protection and legal compliance. en-us Fri, 24 Jul 2020 00:00:00 +0530 Sat, 26 Sep 2020 11:41:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398882 The Tribunal sanctioned the Scheme of Merger by Absorption involving multiple companies under sections 230 to 232 of the Companies Act, 2013. The merger was found to be fair, reasonable, compliant with the law, and not against public policy. The Petitioner Companies addressed all concerns raised by the Regional Director regarding accounting standards, approval processes, and protection of creditors' interests. With all statutory compliances fulfilled, the Tribunal made the Company Petition absolute, sanctioning the merger with an Appointed Date of 1st April 2019. The Transferor Companies were directed to be dissolved without winding up, ensuring stakeholder protection and legal compliance. Case-Laws Companies Law Fri, 24 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398882