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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Can Mandate Company Mergers for Public Interest; Rights Retained or Compensated, Appeals Allowed Under Tribunal</h1> The Central Government has the authority to mandate the amalgamation of companies if deemed necessary for public interest. This process involves merging companies into a single entity with specified attributes and obligations. Legal proceedings involving the original companies can continue against the new entity. Members and creditors of the original companies should retain equivalent rights or receive compensation, which can be appealed to a Tribunal. Before finalizing the order, a draft is shared with the companies, allowing for feedback. The order is subject to parliamentary review and must consider appeals and suggestions before implementation.
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