https://www.taxtmi.com/caselaws?id=106645 The court granted sanction to the scheme of demerger and transfer of the bulk drugs manufacturing unit from Darshak Ltd. to Alembic Ltd. The court approved the exchange ratio of six equity shares of Rs. 10 each in Alembic Ltd. for every 100 shares in Darshak Ltd., based on a valuation report. Objections regarding non-disclosure of directors' interests and the latest financial positions were dismissed. The court found the objections raised by a shareholder to be without merit, and the scheme was overwhelmingly approved by creditors and shareholders. The court allowed the petition and directed the petitioner to pay specified fees. en-us Fri, 15 Feb 2002 00:00:00 +0530 Thu, 15 Mar 2012 11:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106645 The court granted sanction to the scheme of demerger and transfer of the bulk drugs manufacturing unit from Darshak Ltd. to Alembic Ltd. The court approved the exchange ratio of six equity shares of Rs. 10 each in Alembic Ltd. for every 100 shares in Darshak Ltd., based on a valuation report. Objections regarding non-disclosure of directors' interests and the latest financial positions were dismissed. The court found the objections raised by a shareholder to be without merit, and the scheme was overwhelmingly approved by creditors and shareholders. The court allowed the petition and directed the petitioner to pay specified fees. Case-Laws Companies Law Fri, 15 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106645