https://www.taxtmi.com/caselaws?id=422502 The Tribunal approved the Scheme of Merger by Absorption between Biocon Biologies Limited and Covidshield Technologies Private Limited. Dispensation was granted for convening meetings as the majority of shareholders and creditors had consented to the scheme. Compliance with statutory requirements was confirmed, and the rationale for the merger included operational synergies and improved financial strength. Valuation and accounting treatment were found to conform to standards. Employee transition post-merger was ensured without interruption in service. The Applicant was allowed to proceed with the Second Motion Petition after notifying relevant authorities. en-us Thu, 28 Apr 2022 00:00:00 +0530 Tue, 17 May 2022 08:39:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422502 The Tribunal approved the Scheme of Merger by Absorption between Biocon Biologies Limited and Covidshield Technologies Private Limited. Dispensation was granted for convening meetings as the majority of shareholders and creditors had consented to the scheme. Compliance with statutory requirements was confirmed, and the rationale for the merger included operational synergies and improved financial strength. Valuation and accounting treatment were found to conform to standards. Employee transition post-merger was ensured without interruption in service. The Applicant was allowed to proceed with the Second Motion Petition after notifying relevant authorities. Case-Laws Companies Law Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422502