M&A Critique

Case Law: Can Assets & Liabilities transferred under Debt Restructuring through Scheme of Arrangement amount to Demerger

Facts of the Case:

  1. Petitions were filed u/s 391(2) & 394 of the Companies Act, 1956, praying sanction of scheme of arrangement regarding the restructuring of corporate debt of M/s Siel Limited i.e., assessee which was duly approved by t...

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Aniruddha Jain