https://www.taxtmi.com/caselaws?id=291506 The Tribunal granted sanction to the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, approving the merger of multiple transferor companies with a transferee company. The petitioners fulfilled all necessary procedures, and after considering member and creditor approvals, reports from authorities, and the absence of objections, the Tribunal sanctioned the Scheme. The order directed compliance with statutory requirements, dissolution of transferor companies without winding-up, transfer of assets to the transferee company, and continuation of pending proceedings. Interested parties were allowed to seek necessary directions, and the petition was disposed of accordingly. en-us Wed, 04 Dec 2019 00:00:00 +0530 Fri, 13 Nov 2020 06:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291506 The Tribunal granted sanction to the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, approving the merger of multiple transferor companies with a transferee company. The petitioners fulfilled all necessary procedures, and after considering member and creditor approvals, reports from authorities, and the absence of objections, the Tribunal sanctioned the Scheme. The order directed compliance with statutory requirements, dissolution of transferor companies without winding-up, transfer of assets to the transferee company, and continuation of pending proceedings. Interested parties were allowed to seek necessary directions, and the petition was disposed of accordingly. Case-Laws Companies Law Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291506