https://www.taxtmi.com/caselaws?id=399666 The Tribunal approved the Scheme of Amalgamation under Sections 230 and 232 of the Companies Act, 2013, merging Transferor Company No. 1 and Transferor Company No. 2 into the Transferee Company. The First Motion application for dispensation from convening meetings of Shareholders and Creditors was granted, with unanimous approval from unsecured creditors. Reports from the Regional Director, Official Liquidator, and Income Tax Department confirmed compliance, with no material objections raised. The Tribunal sanctioned the Scheme, ordering dissolution of Transferor Companies, transfer of assets and liabilities, continuation of proceedings, and employee transition to the transferee company, while emphasizing compliance with legal obligations. en-us Tue, 04 Feb 2020 00:00:00 +0530 Fri, 16 Oct 2020 12:23:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399666 The Tribunal approved the Scheme of Amalgamation under Sections 230 and 232 of the Companies Act, 2013, merging Transferor Company No. 1 and Transferor Company No. 2 into the Transferee Company. The First Motion application for dispensation from convening meetings of Shareholders and Creditors was granted, with unanimous approval from unsecured creditors. Reports from the Regional Director, Official Liquidator, and Income Tax Department confirmed compliance, with no material objections raised. The Tribunal sanctioned the Scheme, ordering dissolution of Transferor Companies, transfer of assets and liabilities, continuation of proceedings, and employee transition to the transferee company, while emphasizing compliance with legal obligations. Case-Laws Companies Law Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399666