https://www.taxtmi.com/caselaws?id=99656 The court held that under section 394(1) of the Companies Act, 1956, an official liquidator's report is necessary for the dissolution of a transferor-company in an amalgamation scheme, irrespective of its status as a going concern. This requirement aims to protect stakeholders' interests and uphold statutory compliance, emphasizing the prevention of malpractices. The judgment clarified the legislative intent behind the provision, ensuring a comprehensive review of reports and representations before approving amalgamation schemes. The decision highlighted the significance of official liquidator scrutiny to safeguard stakeholders and maintain transparency in amalgamation processes. en-us Tue, 27 Mar 1979 00:00:00 +0530 Sat, 28 Jan 2012 12:08:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99656 The court held that under section 394(1) of the Companies Act, 1956, an official liquidator's report is necessary for the dissolution of a transferor-company in an amalgamation scheme, irrespective of its status as a going concern. This requirement aims to protect stakeholders' interests and uphold statutory compliance, emphasizing the prevention of malpractices. The judgment clarified the legislative intent behind the provision, ensuring a comprehensive review of reports and representations before approving amalgamation schemes. The decision highlighted the significance of official liquidator scrutiny to safeguard stakeholders and maintain transparency in amalgamation processes. Case-Laws Companies Law Tue, 27 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99656