https://www.taxtmi.com/caselaws?id=293243 The Tribunal approved the Scheme of Amalgamation between two fabric trading companies, emphasizing benefits such as management efficiency and shareholder value. Meetings of Equity Shareholders, Preference Shareholder, and Secured Creditors were dispensed with due to obtained consents. Unsecured Creditors' meetings were also waived with consent affidavits. Notices were to be served to relevant authorities, allowing a 30-day objection period. A Chartered Accountant was appointed to aid the Official Liquidator in reviewing the Transferor Company's accounts. en-us Fri, 16 Aug 2019 00:00:00 +0530 Tue, 02 Feb 2021 14:00:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293243 The Tribunal approved the Scheme of Amalgamation between two fabric trading companies, emphasizing benefits such as management efficiency and shareholder value. Meetings of Equity Shareholders, Preference Shareholder, and Secured Creditors were dispensed with due to obtained consents. Unsecured Creditors' meetings were also waived with consent affidavits. Notices were to be served to relevant authorities, allowing a 30-day objection period. A Chartered Accountant was appointed to aid the Official Liquidator in reviewing the Transferor Company's accounts. Case-Laws Companies Law Fri, 16 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293243