https://www.taxtmi.com/caselaws?id=421827 The Company Petition seeking sanction of the Scheme of Amalgamation between two companies was approved by the Tribunal. The Scheme aimed at combining businesses for better resource utilization and achieving economies of scale. The Tribunal directed the transfer of properties, rights, and interests to the Transferee Company, along with assuming debts and liabilities. The Transferor Company was to be dissolved without winding up. All statutory requirements were met, and the Tribunal ordered compliance with procedural directions, including supplying certified copies of the order to the Registrar of Companies. en-us Thu, 21 Apr 2022 00:00:00 +0530 Tue, 03 May 2022 08:22:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421827 The Company Petition seeking sanction of the Scheme of Amalgamation between two companies was approved by the Tribunal. The Scheme aimed at combining businesses for better resource utilization and achieving economies of scale. The Tribunal directed the transfer of properties, rights, and interests to the Transferee Company, along with assuming debts and liabilities. The Transferor Company was to be dissolved without winding up. All statutory requirements were met, and the Tribunal ordered compliance with procedural directions, including supplying certified copies of the order to the Registrar of Companies. Case-Laws Companies Law Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421827