https://www.taxtmi.com/caselaws?id=416512 The Tribunal sanctioned the Scheme of Amalgamation between B.H Enterprises Private Limited and Kajalgaon Carbon Private Limited, Subhag Power Private Limited, and Subhag Projects Private Limited. The Tribunal dispensed with separate meetings of shareholders and creditors, ensuring compliance with statutory requirements, including Section 29A of the Insolvency and Bankruptcy Code, 2016. The Scheme was approved with conditions, such as no exemption from stamp duty, transfer of assets, and continuation of legal proceedings. Legal fees for the Official Liquidator and Regional Director were quantified, and the Petitioner Companies were directed to comply with stamp duty requirements and file necessary documents. en-us Fri, 10 Dec 2021 00:00:00 +0530 Fri, 31 Dec 2021 08:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416512 The Tribunal sanctioned the Scheme of Amalgamation between B.H Enterprises Private Limited and Kajalgaon Carbon Private Limited, Subhag Power Private Limited, and Subhag Projects Private Limited. The Tribunal dispensed with separate meetings of shareholders and creditors, ensuring compliance with statutory requirements, including Section 29A of the Insolvency and Bankruptcy Code, 2016. The Scheme was approved with conditions, such as no exemption from stamp duty, transfer of assets, and continuation of legal proceedings. Legal fees for the Official Liquidator and Regional Director were quantified, and the Petitioner Companies were directed to comply with stamp duty requirements and file necessary documents. Case-Laws Companies Law Fri, 10 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416512