https://www.taxtmi.com/caselaws?id=297490 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act. The scheme aimed to consolidate shareholdings, finances, and management for enhanced competitiveness and financial growth. With approvals from shareholders, secured and unsecured creditors, and no objections from regulatory authorities, the court approved the scheme. The petitioners were directed to ensure compliance with all statutory requirements and file the sanctioned order with the Registrar of Companies within the specified timeframe. The court emphasized the need for compliance with all provisions of the scheme and legal obligations post-sanction. en-us Fri, 18 Mar 2016 00:00:00 +0530 Mon, 06 Sep 2021 22:10:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297490 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act. The scheme aimed to consolidate shareholdings, finances, and management for enhanced competitiveness and financial growth. With approvals from shareholders, secured and unsecured creditors, and no objections from regulatory authorities, the court approved the scheme. The petitioners were directed to ensure compliance with all statutory requirements and file the sanctioned order with the Registrar of Companies within the specified timeframe. The court emphasized the need for compliance with all provisions of the scheme and legal obligations post-sanction. Case-Laws Companies Law Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297490