https://www.taxtmi.com/caselaws?id=103937 The Court approved the scheme of amalgamation under Sections 391 and 394 of the Companies Act, 1956, finding it fair, just, and beneficial for all parties involved. The exchange ratio and valuation method were deemed valid, meeting statutory requirements and shareholder approval. Despite objections raised by the Registrar of Companies, the Court upheld the scheme's fairness, reasonableness, and absence of fraud, citing precedents to support its decision. The Court emphasized its supervisory role, confirming the scheme without costs and highlighting its limited scope to interfere with commercial decisions unless fraud is evident. en-us Wed, 01 Oct 1997 00:00:00 +0530 Sat, 25 Feb 2012 11:29:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103937 The Court approved the scheme of amalgamation under Sections 391 and 394 of the Companies Act, 1956, finding it fair, just, and beneficial for all parties involved. The exchange ratio and valuation method were deemed valid, meeting statutory requirements and shareholder approval. Despite objections raised by the Registrar of Companies, the Court upheld the scheme's fairness, reasonableness, and absence of fraud, citing precedents to support its decision. The Court emphasized its supervisory role, confirming the scheme without costs and highlighting its limited scope to interfere with commercial decisions unless fraud is evident. Case-Laws Companies Law Wed, 01 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103937