https://www.taxtmi.com/caselaws?id=399806 The court approved the Scheme of Amalgamation under Sections 230 and 232 of the Companies Act, 2013, involving Transferor Company No. 1, Transferor Company No. 2, and the Transferee Company. Compliance with statutory requirements was confirmed, objections were minimal, and shareholder decision-making authority was respected. The Tribunal emphasized its role in ensuring fairness and legality of the Scheme, directing dissolution of Transferor Company No. 1 and transfer of assets and employees to the transferee company. Further compliance and approval by the Mumbai Bench of NCLT were required for implementation. en-us Tue, 04 Feb 2020 00:00:00 +0530 Tue, 20 Oct 2020 12:35:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399806 The court approved the Scheme of Amalgamation under Sections 230 and 232 of the Companies Act, 2013, involving Transferor Company No. 1, Transferor Company No. 2, and the Transferee Company. Compliance with statutory requirements was confirmed, objections were minimal, and shareholder decision-making authority was respected. The Tribunal emphasized its role in ensuring fairness and legality of the Scheme, directing dissolution of Transferor Company No. 1 and transfer of assets and employees to the transferee company. Further compliance and approval by the Mumbai Bench of NCLT were required for implementation. Case-Laws Companies Law Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399806