NCLT Waives RIL's Need for Stakeholder Meetings in Demerger with Subsidiary, Streamlining Process per Legal Precedents.

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....Scheme of Rearrangement - demerger/transfer of business - the Demerged Company RPPMSL is a wholly-owned subsidiary of the Appellant Company RIL - Requirement of getting consent from creditors and shareholders - Discretionary power of NCLT - Following the decision of High Court and NCLAT, the convening and holding of meetings of Equity Shareholders, Secured and Unsecured Creditors of the Appellant Company RIL is dispensed with - AT....