https://www.taxtmi.com/caselaws?id=415063 The Tribunal sanctioned the scheme of arrangement filed by three petitioner companies under specific sections of the Companies Act, 2013. The scheme involved transferring assets, liabilities, and debts from the transferor companies to the transferee company. Approval was obtained from equity shareholders, secured creditors, and unsecured creditors. Financial statements confirmed compliance, and reports from relevant authorities were considered. The Tribunal's directions included submission to the Registrar of Companies, discharge of operational creditors' debts, and compliance with objections raised. The scheme was deemed binding on all parties involved. en-us Tue, 16 Nov 2021 00:00:00 +0530 Thu, 25 Nov 2021 07:57:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415063 The Tribunal sanctioned the scheme of arrangement filed by three petitioner companies under specific sections of the Companies Act, 2013. The scheme involved transferring assets, liabilities, and debts from the transferor companies to the transferee company. Approval was obtained from equity shareholders, secured creditors, and unsecured creditors. Financial statements confirmed compliance, and reports from relevant authorities were considered. The Tribunal's directions included submission to the Registrar of Companies, discharge of operational creditors' debts, and compliance with objections raised. The scheme was deemed binding on all parties involved. Case-Laws Companies Law Tue, 16 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415063