https://www.taxtmi.com/caselaws?id=409371 The Tribunal allowed the application concerning the Scheme of Amalgamation of two companies, directing the convening of meetings for equity shareholders, secured creditors, and unsecured creditors. The Scheme was approved by the Board of Directors and statutory auditors, with a fair equity share exchange ratio determined. The Scheme did not impact creditors adversely, and compliance with procedural requirements, including notice provisions, quorum, and voting procedures, was ensured. The Tribunal directed reporting of meeting results and service of notices to statutory authorities. The application was disposed of with directions for compliance, as per CA (CAA) No. 52/KB/2021. en-us Mon, 28 Jun 2021 00:00:00 +0530 Tue, 06 Jul 2021 09:44:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409371 The Tribunal allowed the application concerning the Scheme of Amalgamation of two companies, directing the convening of meetings for equity shareholders, secured creditors, and unsecured creditors. The Scheme was approved by the Board of Directors and statutory auditors, with a fair equity share exchange ratio determined. The Scheme did not impact creditors adversely, and compliance with procedural requirements, including notice provisions, quorum, and voting procedures, was ensured. The Tribunal directed reporting of meeting results and service of notices to statutory authorities. The application was disposed of with directions for compliance, as per CA (CAA) No. 52/KB/2021. Case-Laws Companies Law Mon, 28 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409371