https://www.taxtmi.com/caselaws?id=99278 The court sanctioned the scheme of amalgamation between multiple transferor-companies and Shahibag Entrepreneurs Private Limited under sections 391 and 394 of the Companies Act, 1956. The objections raised by the official liquidator regarding the exchange ratio and undervaluation of assets of Karamchand Premchand Pvt. Ltd. were dismissed. The court found that the directors did not act prejudicially, and the valuation method used was appropriate, ultimately approving the scheme of amalgamation. en-us Wed, 21 Apr 1976 00:00:00 +0530 Wed, 25 Jan 2012 17:47:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99278 The court sanctioned the scheme of amalgamation between multiple transferor-companies and Shahibag Entrepreneurs Private Limited under sections 391 and 394 of the Companies Act, 1956. The objections raised by the official liquidator regarding the exchange ratio and undervaluation of assets of Karamchand Premchand Pvt. Ltd. were dismissed. The court found that the directors did not act prejudicially, and the valuation method used was appropriate, ultimately approving the scheme of amalgamation. Case-Laws Companies Law Wed, 21 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99278