https://www.taxtmi.com/caselaws?id=104231 The court approved the scheme of amalgamation under section 394 of the Companies Act, 1956, between Asian Coffee Ltd. (ACL) and Consolidated Coffee Ltd. (CCL). Despite objections raised by shareholders regarding the exchange ratio, the court found the valuation fair and the process compliant with statutory procedures. The objections were dismissed, and the court deemed the scheme just and reasonable, benefiting both companies and their stakeholders. Consequently, ACL was ordered to be dissolved without winding up, with its rights, liabilities, and duties transferred to CCL. en-us Tue, 07 Sep 1999 00:00:00 +0530 Tue, 28 Feb 2012 12:49:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104231 The court approved the scheme of amalgamation under section 394 of the Companies Act, 1956, between Asian Coffee Ltd. (ACL) and Consolidated Coffee Ltd. (CCL). Despite objections raised by shareholders regarding the exchange ratio, the court found the valuation fair and the process compliant with statutory procedures. The objections were dismissed, and the court deemed the scheme just and reasonable, benefiting both companies and their stakeholders. Consequently, ACL was ordered to be dissolved without winding up, with its rights, liabilities, and duties transferred to CCL. Case-Laws Companies Law Tue, 07 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104231