https://www.taxtmi.com/caselaws?id=291603 The Tribunal provisionally sanctioned the Scheme of Amalgamation between two companies, making it binding on all members and creditors. Compliance issues raised by the Central Government were addressed by the petitioners. Stakeholders unanimously approved the scheme, with no adverse findings from the Official Liquidator. Legal precedents were cited to support the approval. The Tribunal concluded that the scheme complied with legal principles and statutory provisions, benefiting stakeholders and not opposing public interest. The Transferor Company was dissolved, and the Transferee Company was directed to comply with statutory requirements. en-us Thu, 09 May 2019 00:00:00 +0530 Wed, 18 Nov 2020 19:22:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291603 The Tribunal provisionally sanctioned the Scheme of Amalgamation between two companies, making it binding on all members and creditors. Compliance issues raised by the Central Government were addressed by the petitioners. Stakeholders unanimously approved the scheme, with no adverse findings from the Official Liquidator. Legal precedents were cited to support the approval. The Tribunal concluded that the scheme complied with legal principles and statutory provisions, benefiting stakeholders and not opposing public interest. The Transferor Company was dissolved, and the Transferee Company was directed to comply with statutory requirements. Case-Laws Companies Law Thu, 09 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291603