https://www.taxtmi.com/caselaws?id=422324 The Tribunal approved and sanctioned the Scheme of Arrangement between Dhampur Sugar Mills Limited and Dhampur Bio Organics Limited, involving the demerger of the Demerged Undertaking. The Scheme's compliance with statutory requirements and accounting treatment was confirmed, addressing concerns raised by regulatory authorities. Despite pending legal proceedings, the Tribunal allowed the Scheme, emphasizing its public interest and policy considerations. The Resulting Company was directed to issue shares to shareholders post-demerger. The order mandated compliance with the Scheme's terms, without granting tax exemptions, and required delivery of the order to the Registrar of Companies. en-us Wed, 27 Apr 2022 00:00:00 +0530 Fri, 13 May 2022 07:50:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422324 The Tribunal approved and sanctioned the Scheme of Arrangement between Dhampur Sugar Mills Limited and Dhampur Bio Organics Limited, involving the demerger of the Demerged Undertaking. The Scheme's compliance with statutory requirements and accounting treatment was confirmed, addressing concerns raised by regulatory authorities. Despite pending legal proceedings, the Tribunal allowed the Scheme, emphasizing its public interest and policy considerations. The Resulting Company was directed to issue shares to shareholders post-demerger. The order mandated compliance with the Scheme's terms, without granting tax exemptions, and required delivery of the order to the Registrar of Companies. Case-Laws Companies Law Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422324