https://www.taxtmi.com/caselaws?id=420136 A Scheme of Arrangement between the demerged company and the resulting company was sanctioned after the Tribunal found compliance with Sections 230 to 232 of the Companies Act, 2013. The approval was supported by board consent, reports of the Regional Director and Official Liquidator, replies and undertakings from the petitioner companies, and the absence of tenable objections from stakeholders or statutory authorities. The Tribunal held the Scheme to be fair and reasonable, not contrary to public policy, and not in violation of any legal provision, while directing continued compliance with the undertakings and preservation of books and records. en-us Thu, 10 Mar 2022 00:00:00 +0530 Sat, 26 Mar 2022 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420136 A Scheme of Arrangement between the demerged company and the resulting company was sanctioned after the Tribunal found compliance with Sections 230 to 232 of the Companies Act, 2013. The approval was supported by board consent, reports of the Regional Director and Official Liquidator, replies and undertakings from the petitioner companies, and the absence of tenable objections from stakeholders or statutory authorities. The Tribunal held the Scheme to be fair and reasonable, not contrary to public policy, and not in violation of any legal provision, while directing continued compliance with the undertakings and preservation of books and records. Case-Laws Companies Law Thu, 10 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420136