https://www.taxtmi.com/caselaws?id=403133 The Appellate Tribunal allowed the appeal, directing the NCLT to approve the proposed scheme without further delays. The appointed date was set as the valuation date to resolve the issue. The Tribunal emphasized that this decision should not be used as a precedent, as the General Circular issued by the Ministry of Corporate Affairs provided reasonable clarification regarding the appointed date under the Companies Act, 2013. The Regional Director, Western Region, Ministry of Corporate Affairs, Mumbai, was directed to monitor the scheme's implementation according to the appointed date. en-us Tue, 19 Jan 2021 00:00:00 +0530 Wed, 20 Jan 2021 13:53:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403133 The Appellate Tribunal allowed the appeal, directing the NCLT to approve the proposed scheme without further delays. The appointed date was set as the valuation date to resolve the issue. The Tribunal emphasized that this decision should not be used as a precedent, as the General Circular issued by the Ministry of Corporate Affairs provided reasonable clarification regarding the appointed date under the Companies Act, 2013. The Regional Director, Western Region, Ministry of Corporate Affairs, Mumbai, was directed to monitor the scheme's implementation according to the appointed date. Case-Laws Companies Law Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403133