https://www.taxtmi.com/caselaws?id=292133 The Tribunal sanctioned the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013 after finding it fair, reasonable and not prejudicial to members or creditors. It recorded compliance with statutory requirements on the appointed date, transfer of assets and liabilities, continuation of proceedings, filing of certified copies with the Registrar of Companies, and the undertakings given by the applicant companies. The Scheme was approved despite noted ancillary issues, including differential stamp duty, fees, and possible adjudication for alleged non-compliances, which were kept open without affecting sanction. The appointed date was fixed as 1 April 2018, and the Scheme proceeded on the basis that Competition Commission of India approval was not required as undertaken by the companies. en-us Wed, 25 Sep 2019 00:00:00 +0530 Tue, 08 Dec 2020 10:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292133 The Tribunal sanctioned the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013 after finding it fair, reasonable and not prejudicial to members or creditors. It recorded compliance with statutory requirements on the appointed date, transfer of assets and liabilities, continuation of proceedings, filing of certified copies with the Registrar of Companies, and the undertakings given by the applicant companies. The Scheme was approved despite noted ancillary issues, including differential stamp duty, fees, and possible adjudication for alleged non-compliances, which were kept open without affecting sanction. The appointed date was fixed as 1 April 2018, and the Scheme proceeded on the basis that Competition Commission of India approval was not required as undertaken by the companies. Case-Laws Law of Competition Wed, 25 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292133