https://www.taxtmi.com/caselaws?id=420592 The appeal challenging the NCLT's approval of a Scheme of Amalgamation under the Companies Act, 2013 was dismissed. The NCLT's approval was upheld due to the absence of prejudicial conduct by the companies, secured dues, unanimous stakeholder consent, and compliance with statutory requirements. The court emphasized its supervisory role, affirmed the legality of the NCLT's decision, and directed the judgment's dissemination. en-us Mon, 04 Apr 2022 00:00:00 +0530 Tue, 05 Apr 2022 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420592 The appeal challenging the NCLT's approval of a Scheme of Amalgamation under the Companies Act, 2013 was dismissed. The NCLT's approval was upheld due to the absence of prejudicial conduct by the companies, secured dues, unanimous stakeholder consent, and compliance with statutory requirements. The court emphasized its supervisory role, affirmed the legality of the NCLT's decision, and directed the judgment's dissemination. Case-Laws Insolvency and Bankruptcy Mon, 04 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420592