https://www.taxtmi.com/caselaws?id=401625 In a scheme of amalgamation under sections 230 to 232 of the Companies Act, 2013, the Tribunal may dispense with meetings of equity shareholders and unsecured creditors where all affected parties have given unanimous consent affidavits and no secured creditors exist. On the facts recorded, each company's equity shareholders had approved the scheme in full, the unsecured creditors had also consented, and there were no secured creditors. In those circumstances, convening meetings would serve no practical purpose, so the meetings were dispensed with and the amalgamation application was allowed on the terms sought. en-us Fri, 04 Dec 2020 00:00:00 +0530 Sat, 12 Dec 2020 07:45:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401625 In a scheme of amalgamation under sections 230 to 232 of the Companies Act, 2013, the Tribunal may dispense with meetings of equity shareholders and unsecured creditors where all affected parties have given unanimous consent affidavits and no secured creditors exist. On the facts recorded, each company's equity shareholders had approved the scheme in full, the unsecured creditors had also consented, and there were no secured creditors. In those circumstances, convening meetings would serve no practical purpose, so the meetings were dispensed with and the amalgamation application was allowed on the terms sought. Case-Laws Companies Law Fri, 04 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401625