https://www.taxtmi.com/caselaws?id=409425 The Tribunal approved the Scheme of Arrangement between the Demerged Company and the Resulting Company, facilitating the demerger effective from April 1, 2021. It dispensed with the need for meetings of the Resulting Company's shareholders and creditors due to unanimous consent and absence of creditors, respectively. The Scheme aimed to enhance operational efficiency and attract investors by separating business undertakings. The Tribunal mandated virtual meetings for the Demerged Company's shareholders and creditors, ensuring compliance with statutory requirements, and allowed subsequent procedural steps for formalizing the arrangement. en-us Mon, 14 Jun 2021 00:00:00 +0530 Thu, 08 Jul 2021 08:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409425 The Tribunal approved the Scheme of Arrangement between the Demerged Company and the Resulting Company, facilitating the demerger effective from April 1, 2021. It dispensed with the need for meetings of the Resulting Company's shareholders and creditors due to unanimous consent and absence of creditors, respectively. The Scheme aimed to enhance operational efficiency and attract investors by separating business undertakings. The Tribunal mandated virtual meetings for the Demerged Company's shareholders and creditors, ensuring compliance with statutory requirements, and allowed subsequent procedural steps for formalizing the arrangement. Case-Laws Law of Competition Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409425