https://www.taxtmi.com/caselaws?id=416858 The Tribunal allowed the First Motion Application, dispensing with the meetings of Equity Shareholders, Secured and Unsecured Creditors, and Preference Shareholders of both companies. The Scheme of Arrangement between the companies was approved by the Board of Directors and shareholders, with necessary regulatory approvals in place. The judgment highlighted the importance of corporate democracy and protection of employees' interests. The Tribunal exercised its judicial discretion to dispense with meetings based on consents received and the financial structure of the companies, emphasizing adherence to statutory requirements. en-us Thu, 23 Dec 2021 00:00:00 +0530 Mon, 10 Jan 2022 09:00:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416858 The Tribunal allowed the First Motion Application, dispensing with the meetings of Equity Shareholders, Secured and Unsecured Creditors, and Preference Shareholders of both companies. The Scheme of Arrangement between the companies was approved by the Board of Directors and shareholders, with necessary regulatory approvals in place. The judgment highlighted the importance of corporate democracy and protection of employees' interests. The Tribunal exercised its judicial discretion to dispense with meetings based on consents received and the financial structure of the companies, emphasizing adherence to statutory requirements. Case-Laws Companies Law Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416858