https://www.taxtmi.com/caselaws?id=103091 SC upheld sanction of the scheme of compromise and amalgamation, holding the Company Court lacks power to reweigh commercial wisdom once statutory requirements are met. Non-disclosure of a director's alleged special interest and potential management changes were immaterial to the scheme; the objector's conduct (approving board resolutions and not opposing earlier proceedings) undermined his challenge. The court found the exchange ratio not ex facie unfair, no separate meeting for the dissenting minority was required, and the scheme was neither unfair nor unreasonable to minority shareholders. en-us Wed, 11 Sep 1996 00:00:00 +0530 Tue, 14 Oct 2025 21:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103091 SC upheld sanction of the scheme of compromise and amalgamation, holding the Company Court lacks power to reweigh commercial wisdom once statutory requirements are met. Non-disclosure of a director's alleged special interest and potential management changes were immaterial to the scheme; the objector's conduct (approving board resolutions and not opposing earlier proceedings) undermined his challenge. The court found the exchange ratio not ex facie unfair, no separate meeting for the dissenting minority was required, and the scheme was neither unfair nor unreasonable to minority shareholders. Case-Laws Companies Law Wed, 11 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103091