https://www.taxtmi.com/caselaws?id=106628 The court sanctioned the scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, allowing the transferor-company to merge with the transferee-company. Despite objections raised by creditors regarding erosion of substratum and disclosure of the latest financial position, the court approved the scheme, emphasizing that it was not mala fide or unfair to creditors. The court recognized the commercial realities and upheld the validity of the scheme, directing compliance with necessary statutory requirements. en-us Fri, 01 Feb 2002 00:00:00 +0530 Thu, 15 Mar 2012 10:39:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106628 The court sanctioned the scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, allowing the transferor-company to merge with the transferee-company. Despite objections raised by creditors regarding erosion of substratum and disclosure of the latest financial position, the court approved the scheme, emphasizing that it was not mala fide or unfair to creditors. The court recognized the commercial realities and upheld the validity of the scheme, directing compliance with necessary statutory requirements. Case-Laws Companies Law Fri, 01 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106628