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    <title>1997 (7) TMI 530 - HIGH COURT OF BOMBAY</title>
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    <description>The court rejected objections raised by a shareholder and sanctioned the Scheme of Arrangement as proposed by the Petitioner Company. The court found no evidence of oppression of minority shareholders and approved the share exchange ratio based on expert advice and majority shareholder approval. The Registrar of Companies had no objections, and the petition was granted in terms of the specified prayer clauses, except for one relief not pressed for by the petitioner.</description>
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      <link>https://www.taxtmi.com/caselaws?id=103437</link>
      <description>The court rejected objections raised by a shareholder and sanctioned the Scheme of Arrangement as proposed by the Petitioner Company. The court found no evidence of oppression of minority shareholders and approved the share exchange ratio based on expert advice and majority shareholder approval. The Registrar of Companies had no objections, and the petition was granted in terms of the specified prayer clauses, except for one relief not pressed for by the petitioner.</description>
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