https://www.taxtmi.com/caselaws?id=401796 A scheme of amalgamation may be sanctioned when the statutory procedure for compromise and arrangement is completed, creditor approval is obtained, and regulatory objections are addressed through undertakings and compliance assurances. Where the material on record supports the arrangement, the Tribunal may also modify the appointed date as part of the sanction. Here, the scheme was approved with the appointed date revised, and it became binding on the applicant companies, their shareholders, creditors, and all concerned persons, subject to consequential statutory filings and related compliance requirements. en-us Tue, 08 Dec 2020 00:00:00 +0530 Thu, 17 Dec 2020 09:43:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401796 A scheme of amalgamation may be sanctioned when the statutory procedure for compromise and arrangement is completed, creditor approval is obtained, and regulatory objections are addressed through undertakings and compliance assurances. Where the material on record supports the arrangement, the Tribunal may also modify the appointed date as part of the sanction. Here, the scheme was approved with the appointed date revised, and it became binding on the applicant companies, their shareholders, creditors, and all concerned persons, subject to consequential statutory filings and related compliance requirements. Case-Laws Companies Law Tue, 08 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401796