https://www.taxtmi.com/caselaws?id=312690 The HC sanctioned the Composite Scheme of Arrangement involving the Slump Sale and Amalgamation under the Companies Act, 1956. The Scheme, proposed to realign business operations within the same management group, was deemed beneficial for shareholders, creditors, and the public. With no objections post-publication and compliance with statutory requirements, the Court approved the petitions, directing compliance with statutory liabilities and quantifying costs for the Central Government Standing Counsel and the Official Liquidator. The Transferor Company was ordered to dissolve, preserving its records, and the petitioner companies were instructed to complete necessary filings and stamp duty adjudication. en-us Mon, 21 Dec 2015 00:00:00 +0530 Sat, 02 Mar 2024 05:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312690 The HC sanctioned the Composite Scheme of Arrangement involving the Slump Sale and Amalgamation under the Companies Act, 1956. The Scheme, proposed to realign business operations within the same management group, was deemed beneficial for shareholders, creditors, and the public. With no objections post-publication and compliance with statutory requirements, the Court approved the petitions, directing compliance with statutory liabilities and quantifying costs for the Central Government Standing Counsel and the Official Liquidator. The Transferor Company was ordered to dissolve, preserving its records, and the petitioner companies were instructed to complete necessary filings and stamp duty adjudication. Case-Laws Companies Law Mon, 21 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312690