https://www.taxtmi.com/caselaws?id=106752 A court-sanctioned amalgamation vests the transferor company's rights and liabilities in the amalgamated entity by operation of law, so it is not a voluntary transfer of an electricity connection or undertaking. On that basis, where the sanctioned load remains unchanged and there is no additional electricity demand, the electricity board cannot treat the amalgamated company as a transferee for the purpose of imposing a fresh or enhanced security deposit. The board must recognise the amalgamated company as the consumer and accept the existing security deposit as sufficient. en-us Mon, 06 Aug 2001 00:00:00 +0530 Thu, 15 Mar 2012 15:17:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106752 A court-sanctioned amalgamation vests the transferor company's rights and liabilities in the amalgamated entity by operation of law, so it is not a voluntary transfer of an electricity connection or undertaking. On that basis, where the sanctioned load remains unchanged and there is no additional electricity demand, the electricity board cannot treat the amalgamated company as a transferee for the purpose of imposing a fresh or enhanced security deposit. The board must recognise the amalgamated company as the consumer and accept the existing security deposit as sufficient. Case-Laws Companies Law Mon, 06 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106752