https://www.taxtmi.com/caselaws?id=100276 Interconnected, non-dominant undertakings may fall within the section 23(3) exemption under the Monopolies and Restrictive Trade Practices Act, 1969 where they manufacture goods of the same description, even if one unit also makes additional products; prior Central Government approval is then unnecessary. A scheme of amalgamation may be declined only if it is commercially unjustifiable or contrary to public interest. The text also notes that a valuation-based exchange ratio prepared by chartered accountants using recognised methods can be accepted where there is no material to discredit it, and that a separate creditors' meeting is not mandatory if creditors are not prejudiced and the statutory requirements for sanction are otherwise met. en-us Sat, 30 Jul 1983 00:00:00 +0530 Tue, 31 Jan 2012 17:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100276 Interconnected, non-dominant undertakings may fall within the section 23(3) exemption under the Monopolies and Restrictive Trade Practices Act, 1969 where they manufacture goods of the same description, even if one unit also makes additional products; prior Central Government approval is then unnecessary. A scheme of amalgamation may be declined only if it is commercially unjustifiable or contrary to public interest. The text also notes that a valuation-based exchange ratio prepared by chartered accountants using recognised methods can be accepted where there is no material to discredit it, and that a separate creditors' meeting is not mandatory if creditors are not prejudiced and the statutory requirements for sanction are otherwise met. Case-Laws Companies Law Sat, 30 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100276