https://www.taxtmi.com/caselaws?id=422908 The Tribunal sanctioned the scheme of amalgamation between the petitioner Transferee Company and the Transferor Company, making it binding on all stakeholders. The scheme aimed to create synergies, enhance net worth, and achieve cost savings. Compliance with statutory requirements and regulatory observations was confirmed. The Tribunal found the scheme to be in the interest of shareholders and creditors, ordering the transfer of properties, rights, and liabilities. The scheme was declared bona fide, with all properties transferred to the Transferee Company. Legal fees were quantified, and the petition was disposed of with no costs awarded. en-us Fri, 13 May 2022 00:00:00 +0530 Fri, 09 Sep 2022 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422908 The Tribunal sanctioned the scheme of amalgamation between the petitioner Transferee Company and the Transferor Company, making it binding on all stakeholders. The scheme aimed to create synergies, enhance net worth, and achieve cost savings. Compliance with statutory requirements and regulatory observations was confirmed. The Tribunal found the scheme to be in the interest of shareholders and creditors, ordering the transfer of properties, rights, and liabilities. The scheme was declared bona fide, with all properties transferred to the Transferee Company. Legal fees were quantified, and the petition was disposed of with no costs awarded. Case-Laws Companies Law Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422908