https://www.taxtmi.com/caselaws?id=416753 The Tribunal allowed the application filed by the applicant companies under Sections 230-232 of the Companies Act, 2013, regarding a Scheme of Arrangement. The Scheme was approved by the Board of Directors, and compliance with statutory requirements and accounting standards was confirmed by the statutory auditors. The Tribunal directed to dispense with the meetings of equity shareholders, secured creditors, and unsecured creditors of the transferor and transferee companies as consents were obtained. The applicant companies were instructed to file the second motion application within 14 days. en-us Fri, 24 Dec 2021 00:00:00 +0530 Fri, 07 Jan 2022 08:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416753 The Tribunal allowed the application filed by the applicant companies under Sections 230-232 of the Companies Act, 2013, regarding a Scheme of Arrangement. The Scheme was approved by the Board of Directors, and compliance with statutory requirements and accounting standards was confirmed by the statutory auditors. The Tribunal directed to dispense with the meetings of equity shareholders, secured creditors, and unsecured creditors of the transferor and transferee companies as consents were obtained. The applicant companies were instructed to file the second motion application within 14 days. Case-Laws Companies Law Fri, 24 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416753