https://www.taxtmi.com/caselaws?id=291614 The Tribunal granted sanction to the Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013 for the demerger of companies. Approval was based on compliance with statutory requirements, absence of objections from relevant authorities, and confirmation of accounting treatment conformity. The Tribunal emphasized shareholders' autonomy in approving commercial decisions, focusing on ensuring fairness and legality of the Scheme. The order directed the transfer of assets, liabilities, and employees to the Resulting Company, with provisions for compliance with legal obligations. Interested parties were allowed to seek necessary directions from the Tribunal, and the petition was disposed of accordingly. en-us Tue, 21 May 2019 00:00:00 +0530 Wed, 18 Nov 2020 21:40:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291614 The Tribunal granted sanction to the Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013 for the demerger of companies. Approval was based on compliance with statutory requirements, absence of objections from relevant authorities, and confirmation of accounting treatment conformity. The Tribunal emphasized shareholders' autonomy in approving commercial decisions, focusing on ensuring fairness and legality of the Scheme. The order directed the transfer of assets, liabilities, and employees to the Resulting Company, with provisions for compliance with legal obligations. Interested parties were allowed to seek necessary directions from the Tribunal, and the petition was disposed of accordingly. Case-Laws Companies Law Tue, 21 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291614