https://www.taxtmi.com/caselaws?id=405929 The Tribunal provisionally sanctioned the Scheme of Amalgamation between two companies with effect from 1st April 2020. The scheme was approved by the board of directors and subject to shareholder, creditor, and NCLT approval. The Tribunal emphasized compliance with statutory provisions and accounting standards, including addressing observations and objections from statutory authorities. The amalgamation aimed to achieve financial and operational benefits, with the transferee company inheriting all liabilities. The Petitioner Companies were directed to comply with all requirements post-sanction, with no objections received. The order does not waive prior violations, and statutory authorities can take appropriate actions. en-us Wed, 17 Mar 2021 00:00:00 +0530 Fri, 02 Apr 2021 09:13:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405929 The Tribunal provisionally sanctioned the Scheme of Amalgamation between two companies with effect from 1st April 2020. The scheme was approved by the board of directors and subject to shareholder, creditor, and NCLT approval. The Tribunal emphasized compliance with statutory provisions and accounting standards, including addressing observations and objections from statutory authorities. The amalgamation aimed to achieve financial and operational benefits, with the transferee company inheriting all liabilities. The Petitioner Companies were directed to comply with all requirements post-sanction, with no objections received. The order does not waive prior violations, and statutory authorities can take appropriate actions. Case-Laws Companies Law Wed, 17 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405929