https://www.taxtmi.com/caselaws?id=411270 The Tribunal sanctioned the demerger under Sections 230 to 232 of the Companies Act, 2013, transferring the Industrial Gear Box Division Undertaking from the Demerged Company to the Resulting Company. The demerger was approved by shareholders and creditors, with the issuance of equity shares by the Resulting Company. Compliance with statutory requirements and observations by the Regional Director was satisfactory. The Tribunal deemed the demerger scheme fair, reasonable, and compliant with the law, setting the Appointed Date as April 1, 2019. All parties were directed to comply with the sanctioned Scheme. en-us Wed, 04 Aug 2021 00:00:00 +0530 Sat, 21 Aug 2021 08:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411270 The Tribunal sanctioned the demerger under Sections 230 to 232 of the Companies Act, 2013, transferring the Industrial Gear Box Division Undertaking from the Demerged Company to the Resulting Company. The demerger was approved by shareholders and creditors, with the issuance of equity shares by the Resulting Company. Compliance with statutory requirements and observations by the Regional Director was satisfactory. The Tribunal deemed the demerger scheme fair, reasonable, and compliant with the law, setting the Appointed Date as April 1, 2019. All parties were directed to comply with the sanctioned Scheme. Case-Laws Companies Law Wed, 04 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411270