https://www.taxtmi.com/caselaws?id=414471 Complete consent affidavits from all equity shareholders, secured creditors and unsecured creditors of both the transferor and transferee companies justified dispensing with separate meetings for the proposed amalgamation scheme. The Tribunal found that the supporting board resolutions and audited and provisional financial statements satisfied the statutory prerequisites for considering the application, and that convening stakeholder meetings would serve no useful purpose where unanimous consent was already on record. The application was therefore allowed in terms of the directions issued, and the meetings of the equity shareholders, secured creditors and unsecured creditors of both companies were dispensed with. en-us Tue, 05 Oct 2021 00:00:00 +0530 Tue, 09 Nov 2021 08:31:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414471 Complete consent affidavits from all equity shareholders, secured creditors and unsecured creditors of both the transferor and transferee companies justified dispensing with separate meetings for the proposed amalgamation scheme. The Tribunal found that the supporting board resolutions and audited and provisional financial statements satisfied the statutory prerequisites for considering the application, and that convening stakeholder meetings would serve no useful purpose where unanimous consent was already on record. The application was therefore allowed in terms of the directions issued, and the meetings of the equity shareholders, secured creditors and unsecured creditors of both companies were dispensed with. Case-Laws Companies Law Tue, 05 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414471