https://www.taxtmi.com/caselaws?id=106080 The court approved the scheme of amalgamation filed by Varuna Investments Limited with Tata Investments Corporation Limited under sections 391 and 394 of the Companies Act, 1956. Despite objections raised by Chintan Textiles Private Limited regarding the swap ratio and alleged inducement, the court found no merit in their claims. The court emphasized its supervisory role, ensuring fairness and legality, and approved the scheme, noting shareholder approval. Chintan Textiles' application was rejected, and Varuna's petition was granted with costs awarded against the objecting party. en-us Fri, 14 Jul 2000 00:00:00 +0530 Mon, 12 Mar 2012 15:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106080 The court approved the scheme of amalgamation filed by Varuna Investments Limited with Tata Investments Corporation Limited under sections 391 and 394 of the Companies Act, 1956. Despite objections raised by Chintan Textiles Private Limited regarding the swap ratio and alleged inducement, the court found no merit in their claims. The court emphasized its supervisory role, ensuring fairness and legality, and approved the scheme, noting shareholder approval. Chintan Textiles' application was rejected, and Varuna's petition was granted with costs awarded against the objecting party. Case-Laws Companies Law Fri, 14 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106080