https://www.taxtmi.com/caselaws?id=103253 The High Court of Madras sanctioned the amalgamation scheme between Sakthi Sugars Ltd. and Sakthi Soyas Ltd. under sections 391 and 394 of the Companies Act, 1956. The court found the scheme to be fair, reasonable, and beneficial for the companies, dismissing concerns about financial viability and impact on public interest, specifically sugarcane growers. All material facts were disclosed, and the court clarified that the Official Liquidator's report was not required for sanctioning the amalgamation. The appellant's appeal was dismissed, and they were ordered to pay the respondent's costs. en-us Mon, 17 Apr 1995 00:00:00 +0530 Tue, 21 Feb 2012 17:57:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103253 The High Court of Madras sanctioned the amalgamation scheme between Sakthi Sugars Ltd. and Sakthi Soyas Ltd. under sections 391 and 394 of the Companies Act, 1956. The court found the scheme to be fair, reasonable, and beneficial for the companies, dismissing concerns about financial viability and impact on public interest, specifically sugarcane growers. All material facts were disclosed, and the court clarified that the Official Liquidator's report was not required for sanctioning the amalgamation. The appellant's appeal was dismissed, and they were ordered to pay the respondent's costs. Case-Laws Companies Law Mon, 17 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103253