https://www.taxtmi.com/caselaws?id=426133 The Tribunal approved the Scheme of Arrangement between the Demerged Company and the Resulting Company under Sections 230 to 232 of the Companies Act, 2013. The Scheme aimed to enhance shareholder and creditor value, provide operational focus, and allow investment in businesses with different characteristics. The Tribunal found the Scheme beneficial, not detrimental to shareholders, and ordered the transfer of assets, liabilities, and employees to the Resulting Company, with an Appointed Date of 01.04.2022. Compliance with statutory requirements was ensured, addressing objections raised by the Regional Director, and the Company Petition was allowed. en-us Fri, 22 Jul 2022 00:00:00 +0530 Mon, 08 Aug 2022 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426133 The Tribunal approved the Scheme of Arrangement between the Demerged Company and the Resulting Company under Sections 230 to 232 of the Companies Act, 2013. The Scheme aimed to enhance shareholder and creditor value, provide operational focus, and allow investment in businesses with different characteristics. The Tribunal found the Scheme beneficial, not detrimental to shareholders, and ordered the transfer of assets, liabilities, and employees to the Resulting Company, with an Appointed Date of 01.04.2022. Compliance with statutory requirements was ensured, addressing objections raised by the Regional Director, and the Company Petition was allowed. Case-Laws Companies Law Fri, 22 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426133