https://www.taxtmi.com/caselaws?id=402524 The Tribunal granted the application under Sections 230 to 232 of the Companies Act, 2013, dispensing with shareholder meetings for the applicant companies and approving the demerger scheme. It directed the convening of an unsecured creditor meeting, setting specific guidelines for the process. The Tribunal specified the date, time, and mode of the creditor meeting and allowed two weeks for filing a company petition for demerger scheme sanction. Aggrieved parties could seek interim relief. The Tribunal's decision provided comprehensive relief and guidance for the restructuring process. en-us Wed, 16 Dec 2020 00:00:00 +0530 Mon, 04 Jan 2021 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402524 The Tribunal granted the application under Sections 230 to 232 of the Companies Act, 2013, dispensing with shareholder meetings for the applicant companies and approving the demerger scheme. It directed the convening of an unsecured creditor meeting, setting specific guidelines for the process. The Tribunal specified the date, time, and mode of the creditor meeting and allowed two weeks for filing a company petition for demerger scheme sanction. Aggrieved parties could seek interim relief. The Tribunal's decision provided comprehensive relief and guidance for the restructuring process. Case-Laws Companies Law Wed, 16 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402524