https://www.taxtmi.com/caselaws?id=105926 The High Court sanctioned the scheme of amalgamation under Sections 391 and 394 of the Companies Act, 1956, involving the merger of three companies. Despite objections from a creditor, the court found the scheme compliant with statutory requirements, fair, reasonable, and beneficial for business purposes. The court emphasized the need for corporate restructuring to enhance efficiency and approved the scheme without costs, noting the unanimous approval from shareholders and absence of objections from secured creditors. en-us Wed, 07 Feb 2001 00:00:00 +0530 Sat, 10 Mar 2012 14:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105926 The High Court sanctioned the scheme of amalgamation under Sections 391 and 394 of the Companies Act, 1956, involving the merger of three companies. Despite objections from a creditor, the court found the scheme compliant with statutory requirements, fair, reasonable, and beneficial for business purposes. The court emphasized the need for corporate restructuring to enhance efficiency and approved the scheme without costs, noting the unanimous approval from shareholders and absence of objections from secured creditors. Case-Laws Companies Law Wed, 07 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105926