https://www.taxtmi.com/caselaws?id=109103 In amalgamation proceedings, the court's role is limited to examining whether the scheme is unfair, unconscionable, contrary to public policy, or a device to evade law. The exchange ratio is primarily a matter of valuation and commercial judgment, and the court will not interfere unless fraud, mala fides, or demonstrable unfairness is shown. Where shareholders of both companies unanimously approved the scheme and exchange ratio, and no material showed public detriment, an objection confined to the valuation method was rejected. The scheme was therefore found fit for sanction and made binding on the transferee company's shareholders and creditors. en-us Thu, 22 Apr 2004 00:00:00 +0530 Thu, 05 Apr 2012 18:28:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109103 In amalgamation proceedings, the court's role is limited to examining whether the scheme is unfair, unconscionable, contrary to public policy, or a device to evade law. The exchange ratio is primarily a matter of valuation and commercial judgment, and the court will not interfere unless fraud, mala fides, or demonstrable unfairness is shown. Where shareholders of both companies unanimously approved the scheme and exchange ratio, and no material showed public detriment, an objection confined to the valuation method was rejected. The scheme was therefore found fit for sanction and made binding on the transferee company's shareholders and creditors. Case-Laws Companies Law Thu, 22 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109103