https://www.taxtmi.com/caselaws?id=458224 A composite scheme of arrangement and amalgamation may be sanctioned where the statutory requirements are satisfied, prior directions on meetings, publication, and service of notice are complied with, and no valid objection is raised by the Regional Director or Official Liquidator. On the record, the scheme was found genuine, bona fide, and ? no, English only. It was treated as being in the interest of shareholders and creditors, and the objections of the Official Liquidator were stated to have been complied with. The scheme was therefore sanctioned and made binding on the companies concerned, their shareholders, creditors, and all persons concerned under the scheme. en-us Wed, 11 Apr 2018 00:00:00 +0530 Wed, 16 Oct 2024 20:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458224 A composite scheme of arrangement and amalgamation may be sanctioned where the statutory requirements are satisfied, prior directions on meetings, publication, and service of notice are complied with, and no valid objection is raised by the Regional Director or Official Liquidator. On the record, the scheme was found genuine, bona fide, and ? no, English only. It was treated as being in the interest of shareholders and creditors, and the objections of the Official Liquidator were stated to have been complied with. The scheme was therefore sanctioned and made binding on the companies concerned, their shareholders, creditors, and all persons concerned under the scheme. Case-Laws Companies Law Wed, 11 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458224