https://www.taxtmi.com/caselaws?id=292212 The Tribunal sanctioned the Scheme of Amalgamation involving three companies, transferring assets and liabilities to the Transferee Company as a going concern. Procedural requirements were met through consents and affidavits, addressing concerns raised by regulatory authorities. The necessity and benefits of amalgamation were outlined, leading to the Tribunal's approval without impediment. The final orders included property transfer, continuation of proceedings, share issuance, and dissolution of Transferor Companies without winding up. The connected Company Petition was disposed of with no costs, allowing urgent copies of the order upon compliance. en-us Mon, 06 May 2019 00:00:00 +0530 Fri, 11 Dec 2020 20:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292212 The Tribunal sanctioned the Scheme of Amalgamation involving three companies, transferring assets and liabilities to the Transferee Company as a going concern. Procedural requirements were met through consents and affidavits, addressing concerns raised by regulatory authorities. The necessity and benefits of amalgamation were outlined, leading to the Tribunal's approval without impediment. The final orders included property transfer, continuation of proceedings, share issuance, and dissolution of Transferor Companies without winding up. The connected Company Petition was disposed of with no costs, allowing urgent copies of the order upon compliance. Case-Laws Companies Law Mon, 06 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292212