https://www.taxtmi.com/caselaws?id=403436 The Tribunal granted the application under Sections 230 & 232 of the Companies Act, 2013, dispensing with the requirement of convening meetings of Shareholders, Secured Creditors, and Unsecured Creditors for the proposed Scheme of Amalgamation between closely held private limited Group Companies. The decision was based on the consents received from the parties and the absence of Secured Creditors. The Tribunal instructed the Applicant Companies to serve notices to relevant authorities for representations within 30 days, emphasizing compliance with the Companies (Compromises, Arrangements, and Amalgamations) Rules, 2016. en-us Mon, 18 Jan 2021 00:00:00 +0530 Fri, 29 Jan 2021 13:31:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403436 The Tribunal granted the application under Sections 230 & 232 of the Companies Act, 2013, dispensing with the requirement of convening meetings of Shareholders, Secured Creditors, and Unsecured Creditors for the proposed Scheme of Amalgamation between closely held private limited Group Companies. The decision was based on the consents received from the parties and the absence of Secured Creditors. The Tribunal instructed the Applicant Companies to serve notices to relevant authorities for representations within 30 days, emphasizing compliance with the Companies (Compromises, Arrangements, and Amalgamations) Rules, 2016. Case-Laws Companies Law Mon, 18 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403436