https://www.taxtmi.com/caselaws?id=104678 The High Court of Allahabad approved the Scheme of Amalgamation between a company and Triveni Engineering & Industries Limited under the Companies Act, 1956. The scheme, which had unanimous approval from preference and equity shareholders, was found to have no prejudicial conduct. The Court sanctioned the scheme, making it binding on all members of both companies. The order specified the transfer of property, rights, powers, liabilities, and duties, with ongoing proceedings to continue with the Transferee Company. Shares in the Transferee Company would be allotted to entitled members of the Transferor Company, which was to be dissolved after delivering the order to the Registrar of Companies. Interested parties could seek further directions from the Court. en-us Mon, 06 Mar 2000 00:00:00 +0530 Wed, 29 Feb 2012 18:48:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104678 The High Court of Allahabad approved the Scheme of Amalgamation between a company and Triveni Engineering & Industries Limited under the Companies Act, 1956. The scheme, which had unanimous approval from preference and equity shareholders, was found to have no prejudicial conduct. The Court sanctioned the scheme, making it binding on all members of both companies. The order specified the transfer of property, rights, powers, liabilities, and duties, with ongoing proceedings to continue with the Transferee Company. Shares in the Transferee Company would be allotted to entitled members of the Transferor Company, which was to be dissolved after delivering the order to the Registrar of Companies. Interested parties could seek further directions from the Court. Case-Laws Companies Law Mon, 06 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104678