https://www.taxtmi.com/caselaws?id=106002 The High Court approved the scheme of amalgamation between Asian Coffee Ltd. and Consolidated Coffee Limited, rejecting challenges to the share exchange ratio. The court found the ratio fair and reasonable, dismissing claims of bias in the valuation process. Shareholders were deemed to have received adequate information, and objections from the Registrar of Companies were also dismissed. The court upheld the approval by a majority, including financial institutions, and dismissed the appeals without costs. en-us Fri, 24 Mar 2000 00:00:00 +0530 Mon, 12 Mar 2012 12:50:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106002 The High Court approved the scheme of amalgamation between Asian Coffee Ltd. and Consolidated Coffee Limited, rejecting challenges to the share exchange ratio. The court found the ratio fair and reasonable, dismissing claims of bias in the valuation process. Shareholders were deemed to have received adequate information, and objections from the Registrar of Companies were also dismissed. The court upheld the approval by a majority, including financial institutions, and dismissed the appeals without costs. Case-Laws Companies Law Fri, 24 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106002