https://www.taxtmi.com/caselaws?id=405061 The Tribunal sanctioned the Scheme of Arrangement transferring the Manufacturing Division - Ranipet of Nezone Tubes Limited to Nezone Tubes (TN) Limited under Sections 230 to 232 of the Companies Act, 2013. The Tribunal dispensed with separate meetings of Equity Shareholders of the Resulting Company due to consents provided in affidavit form. Meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors of the Demerged Company were convened as per specific details. The Chairperson oversaw the meetings, and after compliance with all requirements, the Tribunal granted final sanction for the proposed Scheme of Amalgamation. en-us Wed, 21 Oct 2020 00:00:00 +0530 Wed, 10 Mar 2021 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405061 The Tribunal sanctioned the Scheme of Arrangement transferring the Manufacturing Division - Ranipet of Nezone Tubes Limited to Nezone Tubes (TN) Limited under Sections 230 to 232 of the Companies Act, 2013. The Tribunal dispensed with separate meetings of Equity Shareholders of the Resulting Company due to consents provided in affidavit form. Meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors of the Demerged Company were convened as per specific details. The Chairperson oversaw the meetings, and after compliance with all requirements, the Tribunal granted final sanction for the proposed Scheme of Amalgamation. Case-Laws Companies Law Wed, 21 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405061