https://www.taxtmi.com/caselaws?id=109116 The High Court of Bombay sanctioned a Scheme of Arrangement under sections 391 to 394 of the Companies Act, 1956 between two companies, despite objections raised by the Regional Director concerning stamp duty and registration fees. The court found the Scheme to be fair, reasonable, and commercially sound, with all necessary formalities and approvals in place. Emphasizing the importance of compliance and stakeholder consensus, the court granted the Scheme as prayed for in the petition, imposing costs on the petitioner for payment to the Regional Director and Official Liquidator within a specified timeframe. en-us Thu, 06 May 2004 00:00:00 +0530 Thu, 05 Apr 2012 18:49:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109116 The High Court of Bombay sanctioned a Scheme of Arrangement under sections 391 to 394 of the Companies Act, 1956 between two companies, despite objections raised by the Regional Director concerning stamp duty and registration fees. The court found the Scheme to be fair, reasonable, and commercially sound, with all necessary formalities and approvals in place. Emphasizing the importance of compliance and stakeholder consensus, the court granted the Scheme as prayed for in the petition, imposing costs on the petitioner for payment to the Regional Director and Official Liquidator within a specified timeframe. Case-Laws Companies Law Thu, 06 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109116