https://www.taxtmi.com/caselaws?id=398966 The Tribunal granted sanction to the Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013, as the Scheme was deemed fair and in compliance with laws. Approval was based on shareholder and creditor support, absence of objections, and confirmation of statutory compliance. The order emphasized the importance of adhering to statutory requirements, including stamp duty and taxes, and issued specific directions for the transfer of assets and liabilities between the companies. Interested parties were permitted to seek further directions from the Tribunal, with instructions for service of the order copy to relevant parties. en-us Thu, 20 Feb 2020 00:00:00 +0530 Tue, 29 Sep 2020 06:27:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398966 The Tribunal granted sanction to the Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013, as the Scheme was deemed fair and in compliance with laws. Approval was based on shareholder and creditor support, absence of objections, and confirmation of statutory compliance. The order emphasized the importance of adhering to statutory requirements, including stamp duty and taxes, and issued specific directions for the transfer of assets and liabilities between the companies. Interested parties were permitted to seek further directions from the Tribunal, with instructions for service of the order copy to relevant parties. Case-Laws Companies Law Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398966