https://www.taxtmi.com/caselaws?id=295031 The Tribunal approved the Scheme of Amalgamation filed under sections 230-232 of the Companies Act, 2013, by the Transferor and Transferee Companies. The Transferee obtained consents from Equity Shareholders and the Secured Creditor to dispense with meetings, while a meeting was required for Unsecured Creditors. Both companies' financial standing was examined, and the proposed Scheme was unanimously approved by the Boards. The Tribunal issued detailed directions for meeting procedures and compliance, allowing the application on specified terms, emphasizing strict adherence to legal requirements for the amalgamation process. en-us Mon, 20 Jan 2020 00:00:00 +0530 Sun, 16 May 2021 11:50:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295031 The Tribunal approved the Scheme of Amalgamation filed under sections 230-232 of the Companies Act, 2013, by the Transferor and Transferee Companies. The Transferee obtained consents from Equity Shareholders and the Secured Creditor to dispense with meetings, while a meeting was required for Unsecured Creditors. Both companies' financial standing was examined, and the proposed Scheme was unanimously approved by the Boards. The Tribunal issued detailed directions for meeting procedures and compliance, allowing the application on specified terms, emphasizing strict adherence to legal requirements for the amalgamation process. Case-Laws Companies Law Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295031