https://www.taxtmi.com/caselaws?id=311783 NCLT Chennai sanctioned a scheme of amalgamation with appointed date of 1st April, 2015. The tribunal found the accounting treatment complied with established standards and would not prejudice creditors or stakeholders. All statutory compliances under section 391 of Companies Act, 1956 were satisfied. The scheme was deemed fair, reasonable, not contrary to public policy, and not violative of any legal provisions. The sanctioned scheme is binding on all members, creditors and shareholders. en-us Thu, 10 Aug 2017 00:00:00 +0530 Sat, 13 Jan 2024 08:34:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311783 NCLT Chennai sanctioned a scheme of amalgamation with appointed date of 1st April, 2015. The tribunal found the accounting treatment complied with established standards and would not prejudice creditors or stakeholders. All statutory compliances under section 391 of Companies Act, 1956 were satisfied. The scheme was deemed fair, reasonable, not contrary to public policy, and not violative of any legal provisions. The sanctioned scheme is binding on all members, creditors and shareholders. Case-Laws Companies Law Thu, 10 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311783