https://www.taxtmi.com/caselaws?id=400302 The Tribunal approved the Scheme of Merger under Sections 230-232 of the Companies Act, 2013, involving multiple companies, including Beautifulstone Real Estate Private Limited, Bhola Commodeal Private Limited, Gagan Management Consultants Private Limited, Komal Dealtrade Private Limited, Spycade Reality Private Limited, and Snehal Multitrade Private Limited, merging with Industrial Basket E-Commerce Private Limited as the Transferee Company. Despite concerns raised about the financial performance of some Transferor Companies, the Tribunal found the Scheme fair, reasonable, compliant with legal provisions, and not against public policy. The merger was sanctioned with an Appointed Date of 31st December 2017, directing dissolution without winding up and emphasizing statutory compliances. en-us Fri, 15 May 2020 00:00:00 +0530 Tue, 03 Nov 2020 11:32:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400302 The Tribunal approved the Scheme of Merger under Sections 230-232 of the Companies Act, 2013, involving multiple companies, including Beautifulstone Real Estate Private Limited, Bhola Commodeal Private Limited, Gagan Management Consultants Private Limited, Komal Dealtrade Private Limited, Spycade Reality Private Limited, and Snehal Multitrade Private Limited, merging with Industrial Basket E-Commerce Private Limited as the Transferee Company. Despite concerns raised about the financial performance of some Transferor Companies, the Tribunal found the Scheme fair, reasonable, compliant with legal provisions, and not against public policy. The merger was sanctioned with an Appointed Date of 31st December 2017, directing dissolution without winding up and emphasizing statutory compliances. Case-Laws Companies Law Fri, 15 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400302