https://www.taxtmi.com/caselaws?id=105723 The court sanctioned the scheme of amalgamation under sections 391(2) to 394 of the Companies Act, 1956, between Sita World Travel (India) Ltd. and Kuoni Travel (India) Ltd. The scheme, approved by shareholders and creditors, was found to be in the best interest of the companies, providing benefits such as economies of scale and integrated operations. The court declared the scheme binding on all shareholders and creditors, with the transfer of assets and liabilities to the transferee-company effective from 1-4-2000. The transferor-company was directed to complete necessary formalities for dissolution within 30 days. en-us Tue, 07 Nov 2000 00:00:00 +0530 Wed, 07 Mar 2012 12:35:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105723 The court sanctioned the scheme of amalgamation under sections 391(2) to 394 of the Companies Act, 1956, between Sita World Travel (India) Ltd. and Kuoni Travel (India) Ltd. The scheme, approved by shareholders and creditors, was found to be in the best interest of the companies, providing benefits such as economies of scale and integrated operations. The court declared the scheme binding on all shareholders and creditors, with the transfer of assets and liabilities to the transferee-company effective from 1-4-2000. The transferor-company was directed to complete necessary formalities for dissolution within 30 days. Case-Laws Companies Law Tue, 07 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105723