https://www.taxtmi.com/caselaws?id=302435 The Court approved the Scheme of Arrangement and Amalgamation, including the reduction of share capital and utilization of the Securities Premium Account. The judgment found the Scheme fair, reasonable, and compliant with the law and public policy. All statutory compliances were met, leading to the Company Scheme Petitions being made absolute with specific prayer clauses. The petitioners were directed to lodge a copy of the Order and Amended Scheme for stamp duty adjudication and filing with the Registrar of Companies, with costs imposed on the petitioners to be paid to the Regional Director and Official Liquidator within a specified timeframe. en-us Fri, 05 Jul 2013 00:00:00 +0530 Thu, 26 May 2022 15:52:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302435 The Court approved the Scheme of Arrangement and Amalgamation, including the reduction of share capital and utilization of the Securities Premium Account. The judgment found the Scheme fair, reasonable, and compliant with the law and public policy. All statutory compliances were met, leading to the Company Scheme Petitions being made absolute with specific prayer clauses. The petitioners were directed to lodge a copy of the Order and Amended Scheme for stamp duty adjudication and filing with the Registrar of Companies, with costs imposed on the petitioners to be paid to the Regional Director and Official Liquidator within a specified timeframe. Case-Laws Companies Law Fri, 05 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302435