https://www.taxtmi.com/caselaws?id=409192 The National Company Law Tribunal, Bengaluru Bench granted dispensation of meetings of Equity Shareholders and Unsecured Creditors for a proposed Scheme of Arrangement under Sections 230 & 232 of the Companies Act, 2013. The Tribunal approved the application by two Applicant Companies, the Demerged Company, and the Resulting Company, based on compliance with legal provisions, board resolutions, auditor certificates, and the scheme's rationale. Specific directions were issued for notification requirements and filing necessary petitions, with the option for parties to file a miscellaneous application if aggrieved by the order. en-us Thu, 18 Mar 2021 00:00:00 +0530 Fri, 02 Jul 2021 08:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409192 The National Company Law Tribunal, Bengaluru Bench granted dispensation of meetings of Equity Shareholders and Unsecured Creditors for a proposed Scheme of Arrangement under Sections 230 & 232 of the Companies Act, 2013. The Tribunal approved the application by two Applicant Companies, the Demerged Company, and the Resulting Company, based on compliance with legal provisions, board resolutions, auditor certificates, and the scheme's rationale. Specific directions were issued for notification requirements and filing necessary petitions, with the option for parties to file a miscellaneous application if aggrieved by the order. Case-Laws Companies Law Thu, 18 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409192