https://www.taxtmi.com/caselaws?id=103064 The court sanctioned the scheme of amalgamation between Himachal Telematics Limited and Himachal Futuristic Communications Ltd., approving the combination for better control and profitable resource utilization. Objections under sections 42 and 77 were dismissed, as the court found no violations of public interest or shareholders' rights. The court emphasized the broad powers under sections 391 to 394 to facilitate amalgamations without hindrances, ultimately allowing the petition and declaring the scheme binding on all parties involved from the appointed date of 1-4-1995. en-us Thu, 29 Feb 1996 00:00:00 +0530 Mon, 05 Mar 2018 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103064 The court sanctioned the scheme of amalgamation between Himachal Telematics Limited and Himachal Futuristic Communications Ltd., approving the combination for better control and profitable resource utilization. Objections under sections 42 and 77 were dismissed, as the court found no violations of public interest or shareholders' rights. The court emphasized the broad powers under sections 391 to 394 to facilitate amalgamations without hindrances, ultimately allowing the petition and declaring the scheme binding on all parties involved from the appointed date of 1-4-1995. Case-Laws Companies Law Thu, 29 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103064