https://www.taxtmi.com/caselaws?id=296988 The Tribunal granted the Company Scheme Application under Sections 230-232 of the Companies Act, 2013, for the Scheme of Amalgamation by way of Merger by Absorption between the Transferor Company and the Applicant Company. Meetings for equity shareholders were dispensed with as all shareholders consented. The need for a meeting with the sole secured creditor was waived due to a negative outstanding amount. Unsecured creditors were not required to attend a meeting but were directed to submit representations. The Applicant Company was instructed to comply with procedural requirements, serve notices to relevant authorities, and publish the application, ensuring statutory compliance for the amalgamation process. en-us Thu, 21 Jan 2021 00:00:00 +0530 Tue, 18 Apr 2023 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296988 The Tribunal granted the Company Scheme Application under Sections 230-232 of the Companies Act, 2013, for the Scheme of Amalgamation by way of Merger by Absorption between the Transferor Company and the Applicant Company. Meetings for equity shareholders were dispensed with as all shareholders consented. The need for a meeting with the sole secured creditor was waived due to a negative outstanding amount. Unsecured creditors were not required to attend a meeting but were directed to submit representations. The Applicant Company was instructed to comply with procedural requirements, serve notices to relevant authorities, and publish the application, ensuring statutory compliance for the amalgamation process. Case-Laws Companies Law Thu, 21 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296988