https://www.taxtmi.com/caselaws?id=408423 The Tribunal sanctioned the Composite Scheme of Arrangement and Amalgamation, which involved the capital reduction of Transferor Company-2, the amalgamation of Transferor Companies 1, 2, and 3 into the Transferee Company, and the demerger of the Real Estate Business into the Resulting Company. The scheme was deemed compliant with the Companies Act, 2013, with no objections from shareholders or statutory authorities. The Tribunal ordered the reduction of share capital, transfer of properties and liabilities, continuation of pending proceedings, and transfer of employees without interruption. Appointed dates were set for April 1, 2017, and May 23, 2019, for the respective processes. The Transferee and Resulting Companies were directed to allot shares accordingly, and the Transferor Companies were to be dissolved. The Company Petitions were allowed on these terms. en-us Tue, 01 Jun 2021 00:00:00 +0530 Thu, 18 Nov 2021 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408423 The Tribunal sanctioned the Composite Scheme of Arrangement and Amalgamation, which involved the capital reduction of Transferor Company-2, the amalgamation of Transferor Companies 1, 2, and 3 into the Transferee Company, and the demerger of the Real Estate Business into the Resulting Company. The scheme was deemed compliant with the Companies Act, 2013, with no objections from shareholders or statutory authorities. The Tribunal ordered the reduction of share capital, transfer of properties and liabilities, continuation of pending proceedings, and transfer of employees without interruption. Appointed dates were set for April 1, 2017, and May 23, 2019, for the respective processes. The Transferee and Resulting Companies were directed to allot shares accordingly, and the Transferor Companies were to be dissolved. The Company Petitions were allowed on these terms. Case-Laws Law of Competition Tue, 01 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408423