https://www.taxtmi.com/caselaws?id=312236 The NCLT Chennai sanctioned a composite scheme of amalgamation under Sections 230-232 of the Companies Act, 2013. The Tribunal found the scheme complied with statutory provisions and posed no detriment to shareholders' interests. With no objections recorded and all requisite statutory compliances fulfilled, the company petitions were allowed. The sanctioned amalgamation scheme is binding on all members, secured and unsecured creditors, and shareholders of both transferor and transferee companies. en-us Mon, 18 Apr 2022 00:00:00 +0530 Wed, 07 Feb 2024 18:17:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312236 The NCLT Chennai sanctioned a composite scheme of amalgamation under Sections 230-232 of the Companies Act, 2013. The Tribunal found the scheme complied with statutory provisions and posed no detriment to shareholders' interests. With no objections recorded and all requisite statutory compliances fulfilled, the company petitions were allowed. The sanctioned amalgamation scheme is binding on all members, secured and unsecured creditors, and shareholders of both transferor and transferee companies. Case-Laws Companies Law Mon, 18 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312236