https://www.taxtmi.com/caselaws?id=108149 The court approved the scheme of amalgamation under sections 391 and 394 of the Companies Act, 1956, allowing the transfer of business, properties, and assets from the petitioner-company to the transferee company without affecting the rights of members or creditors. It was deemed unnecessary for the transferee company to seek separate sanction from the High Court, and a single application by the transferor company was deemed sufficient. The Company Petition was granted, with a requirement to file the order with the Registrar of Companies for registration within thirty days. en-us Wed, 23 Apr 2003 00:00:00 +0530 Fri, 30 Mar 2012 12:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108149 The court approved the scheme of amalgamation under sections 391 and 394 of the Companies Act, 1956, allowing the transfer of business, properties, and assets from the petitioner-company to the transferee company without affecting the rights of members or creditors. It was deemed unnecessary for the transferee company to seek separate sanction from the High Court, and a single application by the transferor company was deemed sufficient. The Company Petition was granted, with a requirement to file the order with the Registrar of Companies for registration within thirty days. Case-Laws Companies Law Wed, 23 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108149