https://www.taxtmi.com/caselaws?id=416754 The Tribunal granted the application for a Scheme of Arrangement (Demerger) under sections 230-232 of the Companies Act, 2013, by the Transferor and Transferee Companies. Meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors were dispensed with as all necessary consents and affidavits were obtained and filed. The Tribunal examined the application, connected documents, and verified compliance with relevant provisions. The Scheme's details were scrutinized, and based on representations and documents, directions were issued to dispense with the meetings for both companies. The Applicant Company was directed to file a second motion application within 14 days for further proceedings. en-us Fri, 24 Dec 2021 00:00:00 +0530 Fri, 07 Jan 2022 08:51:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416754 The Tribunal granted the application for a Scheme of Arrangement (Demerger) under sections 230-232 of the Companies Act, 2013, by the Transferor and Transferee Companies. Meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors were dispensed with as all necessary consents and affidavits were obtained and filed. The Tribunal examined the application, connected documents, and verified compliance with relevant provisions. The Scheme's details were scrutinized, and based on representations and documents, directions were issued to dispense with the meetings for both companies. The Applicant Company was directed to file a second motion application within 14 days for further proceedings. Case-Laws Companies Law Fri, 24 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416754