https://www.taxtmi.com/caselaws?id=102650 Interim directions were issued to advance implementation of a sanctioned amalgamation scheme while the preferential allotment component remained pending RBI approval. The Court balanced the parties' request to proceed with the scheme against revised RBI guidelines governing foreign exchange and policy compliance, and allowed the process to move forward in a controlled manner. It required a fresh application based on revised valuation, in-principle RBI consideration, inward remittance, and deposit of the price differential in a separate suspense account until final disposal of the writ petition. en-us Wed, 23 Nov 1994 00:00:00 +0530 Wed, 15 Feb 2012 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102650 Interim directions were issued to advance implementation of a sanctioned amalgamation scheme while the preferential allotment component remained pending RBI approval. The Court balanced the parties' request to proceed with the scheme against revised RBI guidelines governing foreign exchange and policy compliance, and allowed the process to move forward in a controlled manner. It required a fresh application based on revised valuation, in-principle RBI consideration, inward remittance, and deposit of the price differential in a separate suspense account until final disposal of the writ petition. Case-Laws Companies Law Wed, 23 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102650