https://www.taxtmi.com/caselaws?id=403672 The judgment approved the Scheme of Amalgamation between a subsidiary and its holding company under Sections 230 to 232 of the Companies Act, 2013. It dispensed with the need for meetings of Equity Shareholders and Secured Creditors due to minimal numbers. The Scheme does not compromise with creditors, ensuring their rights are maintained. It clarified that shareholders and creditors of the Transferee Company will not be negatively impacted post-merger. The judgment also mandated serving notices to various regulatory authorities and the Official Liquidator for scrutiny. en-us Thu, 17 Dec 2020 00:00:00 +0530 Fri, 05 Feb 2021 06:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403672 The judgment approved the Scheme of Amalgamation between a subsidiary and its holding company under Sections 230 to 232 of the Companies Act, 2013. It dispensed with the need for meetings of Equity Shareholders and Secured Creditors due to minimal numbers. The Scheme does not compromise with creditors, ensuring their rights are maintained. It clarified that shareholders and creditors of the Transferee Company will not be negatively impacted post-merger. The judgment also mandated serving notices to various regulatory authorities and the Official Liquidator for scrutiny. Case-Laws Companies Law Thu, 17 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403672