https://www.taxtmi.com/caselaws?id=413662 The Tribunal granted sanction to the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, approving the share exchange ratio and dispensing with the meetings of shareholders and creditors. Compliance with statutory requirements and observations from regulatory authorities was noted. Assets, liabilities, and benefits were to transfer to the Transferee Company, leading to the dissolution of the Transferor Companies without winding up. Legal proceedings and liabilities would continue with the Transferee Company. The Petitioner Companies were directed to file the Order with the Registrar of Companies. The Company Petition was allowed, binding on all parties involved. en-us Wed, 29 Sep 2021 00:00:00 +0530 Mon, 18 Oct 2021 09:28:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413662 The Tribunal granted sanction to the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, approving the share exchange ratio and dispensing with the meetings of shareholders and creditors. Compliance with statutory requirements and observations from regulatory authorities was noted. Assets, liabilities, and benefits were to transfer to the Transferee Company, leading to the dissolution of the Transferor Companies without winding up. Legal proceedings and liabilities would continue with the Transferee Company. The Petitioner Companies were directed to file the Order with the Registrar of Companies. The Company Petition was allowed, binding on all parties involved. Case-Laws Companies Law Wed, 29 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413662