https://www.taxtmi.com/caselaws?id=399041 The Tribunal sanctioned the Composite Scheme of Amalgamation, approving the merger of wholly-owned subsidiaries into the holding company. The scheme complied with statutory requirements, including Accounting Standards, and was supported by the requisite majority of members and creditors. Objecting creditors' concerns were addressed, ensuring protection of their interests. The scheme was deemed fair and reasonable, leading to the dissolution of Transferor Companies without winding up. The Appointed Date was set as April 1, 2019, with all necessary approvals obtained, and compliance with legal provisions confirmed. en-us Fri, 15 May 2020 00:00:00 +0530 Thu, 01 Oct 2020 11:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399041 The Tribunal sanctioned the Composite Scheme of Amalgamation, approving the merger of wholly-owned subsidiaries into the holding company. The scheme complied with statutory requirements, including Accounting Standards, and was supported by the requisite majority of members and creditors. Objecting creditors' concerns were addressed, ensuring protection of their interests. The scheme was deemed fair and reasonable, leading to the dissolution of Transferor Companies without winding up. The Appointed Date was set as April 1, 2019, with all necessary approvals obtained, and compliance with legal provisions confirmed. Case-Laws Companies Law Fri, 15 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399041