https://www.taxtmi.com/caselaws?id=407148 The scheme of amalgamation under Sections 230 and 232 of the Companies Act, 2013 was sanctioned because the petitioner companies' members and creditors approved it, the public authorities raised no surviving substantive objection, and the Tribunal was satisfied that publication, service, filing requirements and the undertakings given on objections had been complied with. The auditors' certificates also confirmed that the accounting treatment conformed to Section 133 of the Companies Act, 2013. As a result, the Tribunal recorded the usual legal consequences of amalgamation, including transfer of assets, liabilities, proceedings and employees to the transferee company, and allowed the petition. en-us Tue, 27 Apr 2021 00:00:00 +0530 Sat, 01 May 2021 09:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407148 The scheme of amalgamation under Sections 230 and 232 of the Companies Act, 2013 was sanctioned because the petitioner companies' members and creditors approved it, the public authorities raised no surviving substantive objection, and the Tribunal was satisfied that publication, service, filing requirements and the undertakings given on objections had been complied with. The auditors' certificates also confirmed that the accounting treatment conformed to Section 133 of the Companies Act, 2013. As a result, the Tribunal recorded the usual legal consequences of amalgamation, including transfer of assets, liabilities, proceedings and employees to the transferee company, and allowed the petition. Case-Laws Companies Law Tue, 27 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407148