https://www.taxtmi.com/caselaws?id=767193 NCLAT Principal Bench dismissed appeal challenging scheme of arrangement between two companies for delisting. Appellants holding 0.08% shares failed to meet minimum shareholding threshold under Section 230(4) of Companies Act 2013 for filing objections. Tribunal held no separate meeting of public shareholders required under Section 230, finding no conflict with SEBI Regulation 37. Scheme approved by 93.82% equity shareholders and 71.89% public shareholders. Court emphasized shareholder democracy principle, noting minority shareholders cannot deprive majority of scheme benefits through frivolous objections. en-us Mon, 10 Mar 2025 00:00:00 +0530 Wed, 12 Mar 2025 09:06:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767193 NCLAT Principal Bench dismissed appeal challenging scheme of arrangement between two companies for delisting. Appellants holding 0.08% shares failed to meet minimum shareholding threshold under Section 230(4) of Companies Act 2013 for filing objections. Tribunal held no separate meeting of public shareholders required under Section 230, finding no conflict with SEBI Regulation 37. Scheme approved by 93.82% equity shareholders and 71.89% public shareholders. Court emphasized shareholder democracy principle, noting minority shareholders cannot deprive majority of scheme benefits through frivolous objections. Case-Laws IBC Mon, 10 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767193