https://www.taxtmi.com/caselaws?id=292846 The Tribunal approved the Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013, involving the transfer of the Demerged Undertaking. Despite objections from a creditor and shareholder, both were deemed ineligible to object. Regulatory authorities raised no objections, and the Department of Telecommunications imposed specific conditions, which the Transferee Company agreed to meet. Compliance with accounting standards was confirmed, leading to the Tribunal sanctioning the Scheme without impediments. The Petitioners must adhere to their undertakings and statutory obligations, including payment of stamp duty and taxes. The petition was disposed of with approval of the Scheme. en-us Mon, 21 Jan 2019 00:00:00 +0530 Sat, 09 Jan 2021 20:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292846 The Tribunal approved the Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013, involving the transfer of the Demerged Undertaking. Despite objections from a creditor and shareholder, both were deemed ineligible to object. Regulatory authorities raised no objections, and the Department of Telecommunications imposed specific conditions, which the Transferee Company agreed to meet. Compliance with accounting standards was confirmed, leading to the Tribunal sanctioning the Scheme without impediments. The Petitioners must adhere to their undertakings and statutory obligations, including payment of stamp duty and taxes. The petition was disposed of with approval of the Scheme. Case-Laws Companies Law Mon, 21 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292846