https://www.taxtmi.com/caselaws?id=99227 A scheme of amalgamation under the Companies Act was sanctioned because it had overwhelming shareholder support and the objections to its commercial merits were rejected. The court held that dissentients carry a heavy burden where a very large majority approves the scheme, but the court's power to make provision for dissenting shareholders requires the cash option to be fair and reasonably correlated with the value available to accepting shareholders. The proposed cash payment was found too low, so the court modified the scheme and fixed a higher per-share amount for dissenting shareholders. en-us Sun, 06 Apr 1975 00:00:00 +0530 Wed, 25 Jan 2012 16:21:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99227 A scheme of amalgamation under the Companies Act was sanctioned because it had overwhelming shareholder support and the objections to its commercial merits were rejected. The court held that dissentients carry a heavy burden where a very large majority approves the scheme, but the court's power to make provision for dissenting shareholders requires the cash option to be fair and reasonably correlated with the value available to accepting shareholders. The proposed cash payment was found too low, so the court modified the scheme and fixed a higher per-share amount for dissenting shareholders. Case-Laws Companies Law Sun, 06 Apr 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99227