https://www.taxtmi.com/caselaws?id=102748 The High Court of Delhi approved the scheme of amalgamation involving multiple companies with Gulmohar Finance Limited, emphasizing benefits like economies of scale and improved resource utilization. The Court noted no opposition from stakeholders, approved the scheme, and declared it binding on all shareholders and creditors. The objections raised by the Central Government regarding valuation and share transfer ratio were countered, and the Court found merit in sanctioning the scheme, directing its implementation for legal validity and enforceability. en-us Tue, 23 May 1995 00:00:00 +0530 Wed, 15 Feb 2012 18:33:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102748 The High Court of Delhi approved the scheme of amalgamation involving multiple companies with Gulmohar Finance Limited, emphasizing benefits like economies of scale and improved resource utilization. The Court noted no opposition from stakeholders, approved the scheme, and declared it binding on all shareholders and creditors. The objections raised by the Central Government regarding valuation and share transfer ratio were countered, and the Court found merit in sanctioning the scheme, directing its implementation for legal validity and enforceability. Case-Laws Companies Law Tue, 23 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102748