https://www.taxtmi.com/caselaws?id=108828 The court sanctioned the Scheme of Amalgamation between Reliance Petroleum Limited (RPL) and Reliance Industries Limited (RIL), dismissing objections regarding the share exchange ratio and valuation report. It emphasized the shareholders' overwhelming approval and compliance with statutory provisions, rejecting concerns about public interest and SEBI's role. The court concluded that the scheme was fair and legally sound, highlighting the importance of upholding shareholders' commercial decisions. The petition was disposed of, and the request for a stay of the judgment was denied. en-us Fri, 13 Sep 2002 00:00:00 +0530 Wed, 04 Apr 2012 10:55:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108828 The court sanctioned the Scheme of Amalgamation between Reliance Petroleum Limited (RPL) and Reliance Industries Limited (RIL), dismissing objections regarding the share exchange ratio and valuation report. It emphasized the shareholders' overwhelming approval and compliance with statutory provisions, rejecting concerns about public interest and SEBI's role. The court concluded that the scheme was fair and legally sound, highlighting the importance of upholding shareholders' commercial decisions. The petition was disposed of, and the request for a stay of the judgment was denied. Case-Laws Companies Law Fri, 13 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108828