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2021 (6) TMI 938 - Tri - Companies LawApproval of Scheme of Amalgamation - seeking directions for dispensing with the meetings of the Equity Shareholders, Secured Creditors and Unsecured Creditors of the Petitioner Companies - Sections 230 & 232 of the Companies Act, 2013 - HELD THAT:- Considering the approval accorded by the members and creditors of the Petitioner Companies to the proposed Scheme and the affidavits/no objection filed by the respective regulatory authorities there appears to be no impediment in sanctioning the present Scheme Consequently, sanction is hereby granted to the Scheme under Section 230-232 of the Companies Act, 2013. The Petitioners shall however remain bound to comply with the statutory requirements in accordance with law including, but not limited to, Section 232 (3) (a) and Accounting Standard 14 as pointed by the Regional Director. The scheme is approved - application allowed.
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