https://www.taxtmi.com/caselaws?id=102154 The court sanctioned the scheme of amalgamation between Cetex Petrochemicals Limited and KEC International Limited under sections 391 and 394 of the Companies Act, 1956. The court found the scheme fair and reasonable, approved by an overwhelming majority of shareholders, and in the interest of shareholders and the public. Objections raised by the Regional Director and an individual shareholder were deemed unsubstantiated. The court allowed the Central Government to take action against any violations of section 73(2A) but did not find it necessary to delay the scheme's sanction. en-us Mon, 25 Nov 1991 00:00:00 +0530 Mon, 13 Feb 2012 18:04:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102154 The court sanctioned the scheme of amalgamation between Cetex Petrochemicals Limited and KEC International Limited under sections 391 and 394 of the Companies Act, 1956. The court found the scheme fair and reasonable, approved by an overwhelming majority of shareholders, and in the interest of shareholders and the public. Objections raised by the Regional Director and an individual shareholder were deemed unsubstantiated. The court allowed the Central Government to take action against any violations of section 73(2A) but did not find it necessary to delay the scheme's sanction. Case-Laws Companies Law Mon, 25 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102154