https://www.taxtmi.com/caselaws?id=296679 The Tribunal granted the application for amalgamation under Sec.230 - 232 of the Companies Act, 2013, involving six companies merging with ABS Portfolio Private Limited. The reasons for amalgamation included efficiency enhancement and cost reduction, with assets deemed sufficient to cover liabilities. Compliance with statutory requirements, consent of shareholders and unsecured creditors, and absence of pending proceedings were confirmed. The Tribunal dispensed with separate meetings, issued procedural directions, and emphasized adherence to regulations for a successful amalgamation process. en-us Thu, 28 Nov 2019 00:00:00 +0530 Tue, 03 Aug 2021 09:11:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296679 The Tribunal granted the application for amalgamation under Sec.230 - 232 of the Companies Act, 2013, involving six companies merging with ABS Portfolio Private Limited. The reasons for amalgamation included efficiency enhancement and cost reduction, with assets deemed sufficient to cover liabilities. Compliance with statutory requirements, consent of shareholders and unsecured creditors, and absence of pending proceedings were confirmed. The Tribunal dispensed with separate meetings, issued procedural directions, and emphasized adherence to regulations for a successful amalgamation process. Case-Laws Insolvency and Bankruptcy Thu, 28 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296679