https://www.taxtmi.com/caselaws?id=102564 A company court sanctioning amalgamation must be satisfied that the scheme is fair, lawful, and not contrary to public interest, but it does not sit as an appellate valuer. Substantial compliance with disclosure requirements was sufficient where notices, explanatory statements, and supporting documents were circulated to affected classes and approved by the requisite majority. Valuation based on recognised methods, independently checked by other valuers and institutions, was not shown to be unfair or tainted by fraud or mala fides. Employee continuity protections and the absence of cogent evidence of improper motive meant the objections on public interest, MRTP concerns, employee prejudice, and mala fides did not defeat the scheme. en-us Mon, 24 Oct 1994 00:00:00 +0530 Fri, 18 Nov 2022 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102564 A company court sanctioning amalgamation must be satisfied that the scheme is fair, lawful, and not contrary to public interest, but it does not sit as an appellate valuer. Substantial compliance with disclosure requirements was sufficient where notices, explanatory statements, and supporting documents were circulated to affected classes and approved by the requisite majority. Valuation based on recognised methods, independently checked by other valuers and institutions, was not shown to be unfair or tainted by fraud or mala fides. Employee continuity protections and the absence of cogent evidence of improper motive meant the objections on public interest, MRTP concerns, employee prejudice, and mala fides did not defeat the scheme. Case-Laws Companies Law Mon, 24 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102564