https://www.taxtmi.com/caselaws?id=421117 The Tribunal sanctioned the Scheme of Amalgamation under the Companies Act, 2013, allowing the merger of Transferor Companies with the Transferee Company from 1st April 2020. Consent of shareholders and creditors was obtained through affidavits, and all necessary procedures were followed. The Scheme aimed at consolidation, synergies, economies of scale, and enhanced profitability. The Tribunal approved the Scheme, transferring assets, liabilities, and obligations to the Transferee Company, directing the continuation of legal proceedings, share issuance, dissolution of Transferor Companies, and submission of required documents. Connected cases were disposed of, with parties given the option to obtain a certified copy of the order. en-us Thu, 24 Mar 2022 00:00:00 +0530 Mon, 18 Apr 2022 08:08:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421117 The Tribunal sanctioned the Scheme of Amalgamation under the Companies Act, 2013, allowing the merger of Transferor Companies with the Transferee Company from 1st April 2020. Consent of shareholders and creditors was obtained through affidavits, and all necessary procedures were followed. The Scheme aimed at consolidation, synergies, economies of scale, and enhanced profitability. The Tribunal approved the Scheme, transferring assets, liabilities, and obligations to the Transferee Company, directing the continuation of legal proceedings, share issuance, dissolution of Transferor Companies, and submission of required documents. Connected cases were disposed of, with parties given the option to obtain a certified copy of the order. Case-Laws Companies Law Thu, 24 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421117