https://www.taxtmi.com/caselaws?id=405019 The Tribunal sanctioned the Scheme of Arrangement, transferring all properties, rights, and liabilities of the Transferor Company to the Transferee Company. Employees were safeguarded, and the Transferor Company would be dissolved without winding up. Pending proceedings would continue against the Transferee Company, which would also allot shares to existing members of the Transferor Company. Deposits were required with the Regional Director and Company Law Tribunal Bar Association. Demerged Undertakings were transferred to the Resulting Company, with similar provisions for deposits. Certified copies of the order were to be delivered for registration, leading to the Transferor Company's dissolution. en-us Tue, 20 Oct 2020 00:00:00 +0530 Wed, 10 Mar 2021 08:28:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405019 The Tribunal sanctioned the Scheme of Arrangement, transferring all properties, rights, and liabilities of the Transferor Company to the Transferee Company. Employees were safeguarded, and the Transferor Company would be dissolved without winding up. Pending proceedings would continue against the Transferee Company, which would also allot shares to existing members of the Transferor Company. Deposits were required with the Regional Director and Company Law Tribunal Bar Association. Demerged Undertakings were transferred to the Resulting Company, with similar provisions for deposits. Certified copies of the order were to be delivered for registration, leading to the Transferor Company's dissolution. Case-Laws Companies Law Tue, 20 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405019