https://www.taxtmi.com/caselaws?id=413663 The Tribunal granted the joint application of the Applicant Companies under Sections 230 to 232 of the Companies Act, 2013, dispensing with meetings of shareholders and creditors for the proposed Scheme of Arrangement. Both the Demerged Company and Resulting Company fulfilled the necessary criteria, including obtaining consents from shareholders and creditors, submitting board resolutions, financial statements, and complying with accounting standards. Consequently, the Tribunal issued directions allowing for the dispensation of meetings, considering all approvals and consents were in order. en-us Fri, 01 Oct 2021 00:00:00 +0530 Mon, 18 Oct 2021 09:28:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413663 The Tribunal granted the joint application of the Applicant Companies under Sections 230 to 232 of the Companies Act, 2013, dispensing with meetings of shareholders and creditors for the proposed Scheme of Arrangement. Both the Demerged Company and Resulting Company fulfilled the necessary criteria, including obtaining consents from shareholders and creditors, submitting board resolutions, financial statements, and complying with accounting standards. Consequently, the Tribunal issued directions allowing for the dispensation of meetings, considering all approvals and consents were in order. Case-Laws Companies Law Fri, 01 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413663