https://www.taxtmi.com/caselaws?id=416338 The Tribunal approved the Scheme of Merger by Absorption involving 14 wholly-owned subsidiaries with Patel Engineering Limited. Meetings for Equity Shareholders, Secured Creditors, and Unsecured Creditors were dispensed based on written consents obtained. The Applicant Companies were directed to comply with statutory requirements and notify regulatory authorities. Addressing pending Insolvency and Bankruptcy Code proceedings, the companies were directed to issue notices of the Scheme to the Petitioners. The Transferee Company was instructed to submit Consent Affidavits from Equity Shareholders and Unsecured Creditors by specified dates and comply with notification procedures. en-us Mon, 15 Nov 2021 00:00:00 +0530 Sat, 25 Dec 2021 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416338 The Tribunal approved the Scheme of Merger by Absorption involving 14 wholly-owned subsidiaries with Patel Engineering Limited. Meetings for Equity Shareholders, Secured Creditors, and Unsecured Creditors were dispensed based on written consents obtained. The Applicant Companies were directed to comply with statutory requirements and notify regulatory authorities. Addressing pending Insolvency and Bankruptcy Code proceedings, the companies were directed to issue notices of the Scheme to the Petitioners. The Transferee Company was instructed to submit Consent Affidavits from Equity Shareholders and Unsecured Creditors by specified dates and comply with notification procedures. Case-Laws Companies Law Mon, 15 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416338