https://www.taxtmi.com/caselaws?id=99766 The court sanctioned the amalgamation scheme between Vijaya Durga Cotton Trading Ltd. and Nava Bharat Enterprises Private Ltd., approving the takeover of undertakings, properties, and liabilities by NBE P. Ltd. The valuation and exchange ratio of shares at 1:4 were deemed reasonable, and the conversion of NBE P. Ltd. into a public company was mandated. Objections regarding creditors' meetings were dismissed, and concerns about the memorandum of association and proposed share allotments were overruled. The court ordered the scheme's sanction with specified conditions, effective from a designated date, granting the petitions without costs. en-us Thu, 27 Dec 1979 00:00:00 +0530 Mon, 30 Jan 2012 10:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99766 The court sanctioned the amalgamation scheme between Vijaya Durga Cotton Trading Ltd. and Nava Bharat Enterprises Private Ltd., approving the takeover of undertakings, properties, and liabilities by NBE P. Ltd. The valuation and exchange ratio of shares at 1:4 were deemed reasonable, and the conversion of NBE P. Ltd. into a public company was mandated. Objections regarding creditors' meetings were dismissed, and concerns about the memorandum of association and proposed share allotments were overruled. The court ordered the scheme's sanction with specified conditions, effective from a designated date, granting the petitions without costs. Case-Laws Companies Law Thu, 27 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99766