https://www.taxtmi.com/caselaws?id=406515 The Tribunal sanctioned a Composite Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013, involving the demerger and amalgamation of various companies' business undertakings. Meetings of shareholders and creditors were dispensed or convened as per the Tribunal's order, with necessary compliance with statutory requirements and observations from authorities. The Scheme was deemed genuine and in the interest of stakeholders, leading to its approval. The Company Petition was allowed, binding the petitioner companies and their stakeholders to the sanctioned Scheme, with directions to file necessary documents and pay quantified legal fees. en-us Tue, 30 Mar 2021 00:00:00 +0530 Fri, 16 Apr 2021 08:55:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406515 The Tribunal sanctioned a Composite Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013, involving the demerger and amalgamation of various companies' business undertakings. Meetings of shareholders and creditors were dispensed or convened as per the Tribunal's order, with necessary compliance with statutory requirements and observations from authorities. The Scheme was deemed genuine and in the interest of stakeholders, leading to its approval. The Company Petition was allowed, binding the petitioner companies and their stakeholders to the sanctioned Scheme, with directions to file necessary documents and pay quantified legal fees. Case-Laws Companies Law Tue, 30 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406515