https://www.taxtmi.com/caselaws?id=104687 The court upheld the amalgamation order of three companies into a new entity, finding it valid despite objections raised by shareholders. The court determined that the scheme had been approved by a majority of shareholders, creditors had not opposed it, and valuation methods were deemed acceptable. The court dismissed concerns regarding non-disclosure of shareholding interests and merging profit-making companies into a loss-making entity. Additionally, the court rejected the appeal challenging the existence of the pre-amalgamated company, concluding that the objections lacked merit and upheld the lower court's decision to sanction the scheme. en-us Thu, 16 Mar 2000 00:00:00 +0530 Wed, 29 Feb 2012 18:58:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104687 The court upheld the amalgamation order of three companies into a new entity, finding it valid despite objections raised by shareholders. The court determined that the scheme had been approved by a majority of shareholders, creditors had not opposed it, and valuation methods were deemed acceptable. The court dismissed concerns regarding non-disclosure of shareholding interests and merging profit-making companies into a loss-making entity. Additionally, the court rejected the appeal challenging the existence of the pre-amalgamated company, concluding that the objections lacked merit and upheld the lower court's decision to sanction the scheme. Case-Laws Companies Law Thu, 16 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104687