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2022 (5) TMI 209 - Tri - Companies LawSanction of Scheme of Amalgamation - Section 230 to 232 of the Companies Act, 2013 - HELD THAT:- The Tribunal, in view of the settled law, is empowered to dispense with the meeting of shareholders if they have given their consent. Further, in view of Section 230(9) of the Companies Act, 2013, the Tribunal is empowered to dispense with calling of a meeting of creditors or class of creditors where such creditors or class of creditors, having at least ninety per cent value, agree and confirm, by way of affidavit, to the scheme of compromise or arrangement. The scheme is approved - application allowed.
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