https://www.taxtmi.com/caselaws?id=106371 The court dismissed objections regarding the share exchange ratio, compliance with the Companies Act, validity of proxies, directors' interest in the merger, financial impact on shareholders, and disclosure of legal proceedings. It found the merger scheme fair, just, and in compliance with statutory requirements. The court sanctioned the amalgamation, ordering dissolution of the transferor-company without winding up. Petitioner-companies were permitted to seek further directions during scheme implementation. en-us Thu, 20 Jun 2002 00:00:00 +0530 Tue, 13 Mar 2012 18:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106371 The court dismissed objections regarding the share exchange ratio, compliance with the Companies Act, validity of proxies, directors' interest in the merger, financial impact on shareholders, and disclosure of legal proceedings. It found the merger scheme fair, just, and in compliance with statutory requirements. The court sanctioned the amalgamation, ordering dissolution of the transferor-company without winding up. Petitioner-companies were permitted to seek further directions during scheme implementation. Case-Laws Companies Law Thu, 20 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106371