https://www.taxtmi.com/caselaws?id=104899 The High Court of Delhi, in a judgment by Justice Bhandari, approved the amalgamation of two companies under sections of the Companies Act, 1956. The scheme involved the transfer of assets, liabilities, workmen, and employees to the transferee-company, aiming for operational efficiency, cost savings, and product diversification. The court found the amalgamation beneficial for shareholders and stakeholders, with no adverse impact on public interest. Citing a similar case, the court ruled in favor of the scheme, directing the dissolution of the transferor-company without winding up and ensuring compliance with legal procedures to protect stakeholders' interests. en-us Fri, 13 Aug 1999 00:00:00 +0530 Thu, 01 Mar 2012 17:13:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104899 The High Court of Delhi, in a judgment by Justice Bhandari, approved the amalgamation of two companies under sections of the Companies Act, 1956. The scheme involved the transfer of assets, liabilities, workmen, and employees to the transferee-company, aiming for operational efficiency, cost savings, and product diversification. The court found the amalgamation beneficial for shareholders and stakeholders, with no adverse impact on public interest. Citing a similar case, the court ruled in favor of the scheme, directing the dissolution of the transferor-company without winding up and ensuring compliance with legal procedures to protect stakeholders' interests. Case-Laws Companies Law Fri, 13 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104899