https://www.taxtmi.com/caselaws?id=399994 Where affidavits, board resolutions and supporting consents showed unanimous approval of equity shareholders and the requisite majorities of secured and unsecured creditors, the NCLT dispensed with convening separate meetings for consideration of the proposed amalgamation scheme. The Tribunal accepted that the application fell within the statutory framework for compromise, arrangement and amalgamation, and noted that no preference shareholder meeting was required for one applicant company. On that basis, the joint application for approval of the scheme and procedural dispensation was allowed, and consequential directions were issued to the statutory authorities. en-us Thu, 15 Oct 2020 00:00:00 +0530 Sat, 24 Oct 2020 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399994 Where affidavits, board resolutions and supporting consents showed unanimous approval of equity shareholders and the requisite majorities of secured and unsecured creditors, the NCLT dispensed with convening separate meetings for consideration of the proposed amalgamation scheme. The Tribunal accepted that the application fell within the statutory framework for compromise, arrangement and amalgamation, and noted that no preference shareholder meeting was required for one applicant company. On that basis, the joint application for approval of the scheme and procedural dispensation was allowed, and consequential directions were issued to the statutory authorities. Case-Laws Companies Law Thu, 15 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399994