https://www.taxtmi.com/caselaws?id=291793 The Tribunal approved the Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013, emphasizing fairness and benefit to shareholders, creditors, and employees. Reports from relevant authorities indicated no objections, and compliance with statutory requirements was confirmed. The Transferor Company was dissolved without winding-up, with assets, liabilities, and employees transferred to the Transferee Company. The order mandated compliance with legal obligations, including stamp duty and taxes, and directed seamless transition of operations. The petition was disposed of, allowing interested parties to seek further directions from the Tribunal. en-us Thu, 05 Dec 2019 00:00:00 +0530 Tue, 24 Nov 2020 20:21:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291793 The Tribunal approved the Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013, emphasizing fairness and benefit to shareholders, creditors, and employees. Reports from relevant authorities indicated no objections, and compliance with statutory requirements was confirmed. The Transferor Company was dissolved without winding-up, with assets, liabilities, and employees transferred to the Transferee Company. The order mandated compliance with legal obligations, including stamp duty and taxes, and directed seamless transition of operations. The petition was disposed of, allowing interested parties to seek further directions from the Tribunal. Case-Laws Companies Law Thu, 05 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291793