https://www.taxtmi.com/caselaws?id=416256 The Appellants challenged the NCLT's Order regarding the Quorum for meetings under Sections 230-232 of the Companies Act, 2013 for approving a Scheme of Amalgamation. They argued that the Act does not specify the number of Shareholders or Creditors required for Quorum and that the consent for the Scheme should not depend on the number of participants. The Appellants emphasized that most stakeholders had already approved the Scheme, and the Appellate Tribunal set aside the NCLT's Quorum requirement, stressing the importance of compliance with the Act and regulations in approving amalgamation schemes. en-us Thu, 23 Dec 2021 00:00:00 +0530 Thu, 23 Dec 2021 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416256 The Appellants challenged the NCLT's Order regarding the Quorum for meetings under Sections 230-232 of the Companies Act, 2013 for approving a Scheme of Amalgamation. They argued that the Act does not specify the number of Shareholders or Creditors required for Quorum and that the consent for the Scheme should not depend on the number of participants. The Appellants emphasized that most stakeholders had already approved the Scheme, and the Appellate Tribunal set aside the NCLT's Quorum requirement, stressing the importance of compliance with the Act and regulations in approving amalgamation schemes. Case-Laws Companies Law Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416256