https://www.taxtmi.com/caselaws?id=403391 The Tribunal allowed the joint company application under Sections 230 to 232 of the Companies Act, 2013, directing the convening of meetings for equity shareholders and unsecured creditors of the Transferor Company, as well as meetings for secured and unsecured creditors of the Transferee Company. The proposed Scheme of Amalgamation, aimed at consolidating businesses, was found prima facie satisfactory, subject to final approval. The Applicant Companies were instructed to comply with statutory requirements, including serving notices and conducting voting through various methods. The Tribunal's decision facilitated the progression of the amalgamation process. en-us Thu, 13 Aug 2020 00:00:00 +0530 Thu, 28 Jan 2021 10:51:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403391 The Tribunal allowed the joint company application under Sections 230 to 232 of the Companies Act, 2013, directing the convening of meetings for equity shareholders and unsecured creditors of the Transferor Company, as well as meetings for secured and unsecured creditors of the Transferee Company. The proposed Scheme of Amalgamation, aimed at consolidating businesses, was found prima facie satisfactory, subject to final approval. The Applicant Companies were instructed to comply with statutory requirements, including serving notices and conducting voting through various methods. The Tribunal's decision facilitated the progression of the amalgamation process. Case-Laws Companies Law Thu, 13 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403391