https://www.taxtmi.com/caselaws?id=101867 The court approved the scheme of amalgamation between Indo Continental Hotels and Resorts Ltd. and Hotel Pink City Pvt. Ltd., with a modification to the share exchange ratio. The court found the scheme compliant with statutory requirements, beneficial for stakeholders, and in the public interest. The court confirmed that the amalgamation was not aimed at tax avoidance and provided financial stability and improved services. The scheme was deemed fair, reasonable, and beneficial to all parties involved, coming into effect from April 1, 1987. en-us Fri, 20 Apr 1990 00:00:00 +0530 Sat, 11 Feb 2012 13:40:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101867 The court approved the scheme of amalgamation between Indo Continental Hotels and Resorts Ltd. and Hotel Pink City Pvt. Ltd., with a modification to the share exchange ratio. The court found the scheme compliant with statutory requirements, beneficial for stakeholders, and in the public interest. The court confirmed that the amalgamation was not aimed at tax avoidance and provided financial stability and improved services. The scheme was deemed fair, reasonable, and beneficial to all parties involved, coming into effect from April 1, 1987. Case-Laws Companies Law Fri, 20 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101867