https://www.taxtmi.com/caselaws?id=299125 Consents from all equity shareholders and auditor-certified absence of secured and unsecured creditors justified dispensation of the equity shareholders' meetings and the creditors' meetings of the transferor company for the proposed amalgamation scheme. Because the transferee company still had unsecured creditors with outstanding dues, the Tribunal directed that a meeting of those unsecured creditors be convened before the scheme could proceed. It also required notice to the statutory authorities and fixed the related procedural directions, including time, venue, quorum, voting process, chairperson, scrutinizer, publication, and service timetable under the Companies Act, 2013 and the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. en-us Wed, 20 Jan 2021 00:00:00 +0530 Fri, 03 Dec 2021 19:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299125 Consents from all equity shareholders and auditor-certified absence of secured and unsecured creditors justified dispensation of the equity shareholders' meetings and the creditors' meetings of the transferor company for the proposed amalgamation scheme. Because the transferee company still had unsecured creditors with outstanding dues, the Tribunal directed that a meeting of those unsecured creditors be convened before the scheme could proceed. It also required notice to the statutory authorities and fixed the related procedural directions, including time, venue, quorum, voting process, chairperson, scrutinizer, publication, and service timetable under the Companies Act, 2013 and the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. Case-Laws Companies Law Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299125