https://www.taxtmi.com/caselaws?id=406947 The Tribunal granted relief in C.A. (CAA) No. 12/BB/2021, allowing the Applicant Companies to dispense with shareholder and unsecured creditor meetings under Sections 230 & 232 of the Companies Act, 2013. The Scheme of Arrangement was deemed beneficial for the companies and shareholders, meeting all statutory requirements and receiving necessary certifications. Specific directions were provided for convening a Secured Creditors' meeting, appointing a Chairperson and Scrutinizer, and outlining further procedures for Scheme approval. The order emphasized adherence to legal requirements and due processes throughout the approval process. en-us Thu, 11 Mar 2021 00:00:00 +0530 Tue, 27 Apr 2021 12:15:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406947 The Tribunal granted relief in C.A. (CAA) No. 12/BB/2021, allowing the Applicant Companies to dispense with shareholder and unsecured creditor meetings under Sections 230 & 232 of the Companies Act, 2013. The Scheme of Arrangement was deemed beneficial for the companies and shareholders, meeting all statutory requirements and receiving necessary certifications. Specific directions were provided for convening a Secured Creditors' meeting, appointing a Chairperson and Scrutinizer, and outlining further procedures for Scheme approval. The order emphasized adherence to legal requirements and due processes throughout the approval process. Case-Laws Companies Law Thu, 11 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406947