https://www.taxtmi.com/caselaws?id=290466 The application under Sections 230 to 232 of the Companies Act, 2013 for a Scheme of Arrangement by way of demerger between two companies was approved. Directions were given for convening or dispensing with meetings of shareholders, secured creditors, and unsecured creditors. The Bench had jurisdiction as both companies were located in New Delhi. Details of the Demerged Company and Resulting Company, consent affidavits, appointment of officials, publication of advertisements, voting procedures, and compliance with legal requirements were addressed. The order mandated strict compliance with applicable laws and specified directions. en-us Thu, 10 Oct 2019 00:00:00 +0530 Mon, 28 Sep 2020 20:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290466 The application under Sections 230 to 232 of the Companies Act, 2013 for a Scheme of Arrangement by way of demerger between two companies was approved. Directions were given for convening or dispensing with meetings of shareholders, secured creditors, and unsecured creditors. The Bench had jurisdiction as both companies were located in New Delhi. Details of the Demerged Company and Resulting Company, consent affidavits, appointment of officials, publication of advertisements, voting procedures, and compliance with legal requirements were addressed. The order mandated strict compliance with applicable laws and specified directions. Case-Laws Companies Law Thu, 10 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290466