https://www.taxtmi.com/caselaws?id=421763 The Tribunal approved the Scheme of Amalgamation involving the merger of several companies to enhance efficiency and reduce overheads. Meetings for shareholders and creditors were dispensed with, as no compromise with creditors was involved, and the assets of the Transferee Company were deemed sufficient to meet their claims. The Applicant Companies were directed to comply with statutory requirements by sending notices to creditors and regulatory authorities, advertising in newspapers, and filing an Affidavit of Service. Compliance with these directions was required for final approval of the Scheme. en-us Fri, 22 Apr 2022 00:00:00 +0530 Mon, 02 May 2022 08:42:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421763 The Tribunal approved the Scheme of Amalgamation involving the merger of several companies to enhance efficiency and reduce overheads. Meetings for shareholders and creditors were dispensed with, as no compromise with creditors was involved, and the assets of the Transferee Company were deemed sufficient to meet their claims. The Applicant Companies were directed to comply with statutory requirements by sending notices to creditors and regulatory authorities, advertising in newspapers, and filing an Affidavit of Service. Compliance with these directions was required for final approval of the Scheme. Case-Laws Companies Law Fri, 22 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421763