https://www.taxtmi.com/caselaws?id=465943 Sanction of a Scheme of Arrangement in the nature of a demerger is approved after satisfaction of statutory requirements under the Companies Act; the amended Scheme is declared binding on the petitioner companies, their shareholders, creditors and all concerned, and the petition is allowed. The summary records that the Scheme met the procedural and substantive compliance requirements for arrangement and demerger, resulting in court-sanctioned effectiveness and enforceability of the reorganisation as between the companies and third-party stakeholders. en-us Thu, 26 Sep 2019 00:00:00 +0530 Sat, 17 Jan 2026 08:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465943 Sanction of a Scheme of Arrangement in the nature of a demerger is approved after satisfaction of statutory requirements under the Companies Act; the amended Scheme is declared binding on the petitioner companies, their shareholders, creditors and all concerned, and the petition is allowed. The summary records that the Scheme met the procedural and substantive compliance requirements for arrangement and demerger, resulting in court-sanctioned effectiveness and enforceability of the reorganisation as between the companies and third-party stakeholders. Case-Laws Companies Law Thu, 26 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465943