https://www.taxtmi.com/caselaws?id=307388 The Scheme of Amalgamation between Honda Motor India Private Limited and Honda Cars India Limited was sanctioned by the Tribunal under Sections 230-232 of the Companies Act, 2013. The scheme, effective from April 01, 2018, was approved by shareholders and creditors, complied with accounting standards, and had no adverse impact on stakeholders. Directors had no material interest, assets were sufficient to cover liabilities, and necessary statutory compliances were met. With no objections from authorities, the scheme was deemed binding on the companies and all stakeholders, directing asset transfers, suit continuations, and company dissolution without winding up. en-us Thu, 02 Aug 2018 00:00:00 +0530 Thu, 13 Apr 2023 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307388 The Scheme of Amalgamation between Honda Motor India Private Limited and Honda Cars India Limited was sanctioned by the Tribunal under Sections 230-232 of the Companies Act, 2013. The scheme, effective from April 01, 2018, was approved by shareholders and creditors, complied with accounting standards, and had no adverse impact on stakeholders. Directors had no material interest, assets were sufficient to cover liabilities, and necessary statutory compliances were met. With no objections from authorities, the scheme was deemed binding on the companies and all stakeholders, directing asset transfers, suit continuations, and company dissolution without winding up. Case-Laws Insolvency and Bankruptcy Thu, 02 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307388