https://www.taxtmi.com/caselaws?id=408594 The Tribunal dispensed with the meetings of equity shareholders and preference shareholders for all Applicant Companies and ordered the convening of a meeting for the unsecured creditors of the First Applicant Company. The Scheme of Arrangement involving the demerger of certain undertakings was approved, highlighting benefits such as focused management and enhanced shareholder value. Compliance with statutory requirements, including serving notices to relevant authorities, was emphasized, with provisions for objections within 30 days. Interested parties were permitted to present contentions during the final approval stage of the Scheme. en-us Mon, 26 Apr 2021 00:00:00 +0530 Wed, 16 Jun 2021 10:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408594 The Tribunal dispensed with the meetings of equity shareholders and preference shareholders for all Applicant Companies and ordered the convening of a meeting for the unsecured creditors of the First Applicant Company. The Scheme of Arrangement involving the demerger of certain undertakings was approved, highlighting benefits such as focused management and enhanced shareholder value. Compliance with statutory requirements, including serving notices to relevant authorities, was emphasized, with provisions for objections within 30 days. Interested parties were permitted to present contentions during the final approval stage of the Scheme. Case-Laws Companies Law Mon, 26 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408594