https://www.taxtmi.com/caselaws?id=409399 The Tribunal granted approval for a Scheme of Arrangement by way of Amalgamation under Sections 230-232 of the Companies Act, 2013, involving multiple applicant companies. All applicant companies, including Transferor Company No. 1, Transferor Company No. 2, and the Transferee Company, obtained consent from equity shareholders, secured creditors, and unsecured creditors through affidavits, eliminating the need for formal meetings. The Tribunal issued directions for the implementation of the Scheme, specifying the appointed date as 1st April 2020. The application was allowed, and the matter was disposed of accordingly. en-us Fri, 25 Jun 2021 00:00:00 +0530 Wed, 07 Jul 2021 09:11:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409399 The Tribunal granted approval for a Scheme of Arrangement by way of Amalgamation under Sections 230-232 of the Companies Act, 2013, involving multiple applicant companies. All applicant companies, including Transferor Company No. 1, Transferor Company No. 2, and the Transferee Company, obtained consent from equity shareholders, secured creditors, and unsecured creditors through affidavits, eliminating the need for formal meetings. The Tribunal issued directions for the implementation of the Scheme, specifying the appointed date as 1st April 2020. The application was allowed, and the matter was disposed of accordingly. Case-Laws Companies Law Fri, 25 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409399