https://www.taxtmi.com/caselaws?id=412857 The National Company Law Tribunal, Kochi Bench, allowed two companies to amend their Scheme of Amalgamation with an appointed date of 1st April, 2019, despite delays due to the pandemic. The proposed scheme had consent from Financial Creditors and Equity Shareholders, no pending investigations, and no debt restructuring. Relying on a Ministry of Corporate Affairs circular, the Tribunal permitted the amendments, emphasizing the importance of justifying appointed dates and stakeholder consent in corporate restructuring. The companies were directed to file amended applications within 15 days. This decision showcases a practical approach to addressing delays and ensuring compliance in corporate matters. en-us Mon, 20 Sep 2021 00:00:00 +0530 Tue, 28 Sep 2021 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412857 The National Company Law Tribunal, Kochi Bench, allowed two companies to amend their Scheme of Amalgamation with an appointed date of 1st April, 2019, despite delays due to the pandemic. The proposed scheme had consent from Financial Creditors and Equity Shareholders, no pending investigations, and no debt restructuring. Relying on a Ministry of Corporate Affairs circular, the Tribunal permitted the amendments, emphasizing the importance of justifying appointed dates and stakeholder consent in corporate restructuring. The companies were directed to file amended applications within 15 days. This decision showcases a practical approach to addressing delays and ensuring compliance in corporate matters. Case-Laws Companies Law Mon, 20 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412857