https://www.taxtmi.com/caselaws?id=398883 The Tribunal sanctioned the Composite Scheme of Amalgamation and Plan of Merger between the Transferor and Transferee Companies under sections 230 to 232 read with section 234 of the Companies Act, 2013. The Scheme aimed at consolidating shale gas assets, integrating reserves, simplifying corporate structure, and reducing overheads. It was deemed beneficial for shareholders, creditors, and stakeholders, with no prejudice to the public interest. The Tribunal found the Scheme fair and reasonable, fixing the Appointed Date as 1st March 2020. The Petitioner Companies were directed to fulfill filing and stamping requirements within specified timelines. Interested authorities could seek further directions from the Tribunal. en-us Mon, 27 Jul 2020 00:00:00 +0530 Sat, 26 Sep 2020 11:41:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398883 The Tribunal sanctioned the Composite Scheme of Amalgamation and Plan of Merger between the Transferor and Transferee Companies under sections 230 to 232 read with section 234 of the Companies Act, 2013. The Scheme aimed at consolidating shale gas assets, integrating reserves, simplifying corporate structure, and reducing overheads. It was deemed beneficial for shareholders, creditors, and stakeholders, with no prejudice to the public interest. The Tribunal found the Scheme fair and reasonable, fixing the Appointed Date as 1st March 2020. The Petitioner Companies were directed to fulfill filing and stamping requirements within specified timelines. Interested authorities could seek further directions from the Tribunal. Case-Laws Companies Law Mon, 27 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398883