https://www.taxtmi.com/caselaws?id=433866 The NCLAT allowed the appeal under Section 421 of the Companies Act, 2013, rectifying the NCLT's error in interpreting the appointed date in a scheme of amalgamation. The tribunal emphasized compliance with shareholder-approved provisions and set the appointed date as 01.04.2019, in line with shareholder approval. The NCLT's order was set aside, with no costs imposed, highlighting the importance of adhering to statutory requirements in sanctioning schemes of amalgamation. en-us Thu, 09 Feb 2023 00:00:00 +0530 Sat, 11 Feb 2023 09:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433866 The NCLAT allowed the appeal under Section 421 of the Companies Act, 2013, rectifying the NCLT's error in interpreting the appointed date in a scheme of amalgamation. The tribunal emphasized compliance with shareholder-approved provisions and set the appointed date as 01.04.2019, in line with shareholder approval. The NCLT's order was set aside, with no costs imposed, highlighting the importance of adhering to statutory requirements in sanctioning schemes of amalgamation. Case-Laws Companies Law Thu, 09 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433866