https://www.taxtmi.com/caselaws?id=299131 The Court disposed of the application under Sections 391 to 394 of the Companies Act, 1956 for a Composite Scheme of Arrangement involving de-merger and transfer of Aviation Undertaking. Approval was granted as all relevant parties, including Equity Shareholders, Preference Shareholders, and Unsecured Creditors, provided their consent. With no Secured Creditors and all Unsecured Creditors approving the scheme, dispensation of meetings for the mentioned parties was allowed. The proposed reduction of Equity share capital did not affect shareholder liability or payments, and the Court's order sanctioning the scheme was considered an order under Section 102 of the Companies Act. en-us Wed, 24 Apr 2013 00:00:00 +0530 Sat, 04 Dec 2021 11:05:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299131 The Court disposed of the application under Sections 391 to 394 of the Companies Act, 1956 for a Composite Scheme of Arrangement involving de-merger and transfer of Aviation Undertaking. Approval was granted as all relevant parties, including Equity Shareholders, Preference Shareholders, and Unsecured Creditors, provided their consent. With no Secured Creditors and all Unsecured Creditors approving the scheme, dispensation of meetings for the mentioned parties was allowed. The proposed reduction of Equity share capital did not affect shareholder liability or payments, and the Court's order sanctioning the scheme was considered an order under Section 102 of the Companies Act. Case-Laws Companies Law Wed, 24 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299131