https://www.taxtmi.com/caselaws?id=408801 In an amalgamation proposal, the tribunal treated the equity shareholders' written consents and the transferor company's creditor position as sufficient to dispense with certain meetings. Because all equity shareholders consented, the transferor company had no secured creditors, and the unsecured creditors of the transferor company had broadly consented by affidavit, the meetings of equity shareholders and the transferor company's secured and unsecured creditors were dispensed with. The secured and unsecured creditor meetings of the transferee company were still directed to be convened for consideration of the scheme, as their approval remained necessary on the record before the tribunal. en-us Wed, 09 Jun 2021 00:00:00 +0530 Tue, 22 Jun 2021 09:14:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408801 In an amalgamation proposal, the tribunal treated the equity shareholders' written consents and the transferor company's creditor position as sufficient to dispense with certain meetings. Because all equity shareholders consented, the transferor company had no secured creditors, and the unsecured creditors of the transferor company had broadly consented by affidavit, the meetings of equity shareholders and the transferor company's secured and unsecured creditors were dispensed with. The secured and unsecured creditor meetings of the transferee company were still directed to be convened for consideration of the scheme, as their approval remained necessary on the record before the tribunal. Case-Laws Companies Law Wed, 09 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408801