https://www.taxtmi.com/caselaws?id=108534 The scheme of amalgamation proposed by a petitioner company involving its wholly owned subsidiary companies was approved by the High Court of Bombay. The High Courts of Gujarat and Madras had previously sanctioned the scheme for the transferor companies, with compliance with notice requirements and objections. Meetings of members and creditors were dispensed with, and legal precedents indicated that a separate petition by the transferee company may not be necessary. The approval was granted by the Bombay High Court, directing the petitioner to pay costs and parties to act upon the order. en-us Mon, 31 Mar 2003 00:00:00 +0530 Mon, 02 Apr 2012 11:44:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108534 The scheme of amalgamation proposed by a petitioner company involving its wholly owned subsidiary companies was approved by the High Court of Bombay. The High Courts of Gujarat and Madras had previously sanctioned the scheme for the transferor companies, with compliance with notice requirements and objections. Meetings of members and creditors were dispensed with, and legal precedents indicated that a separate petition by the transferee company may not be necessary. The approval was granted by the Bombay High Court, directing the petitioner to pay costs and parties to act upon the order. Case-Laws Companies Law Mon, 31 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108534