https://www.taxtmi.com/caselaws?id=109124 The court sanctioned the scheme of arrangement under Sections 391 to 394 of the Companies Act, 1956, involving the merger of companies, finding it fair, reasonable, and in the interest of the company and its shareholders. Despite objections by creditors, the court held that the petitioner company's sound financial position and disputed claims did not warrant rejecting the scheme. The court rejected the creditors' objections and allowed the petition, granting the scheme with specified clauses and awarding costs to the Regional Director. en-us Thu, 06 May 2004 00:00:00 +0530 Thu, 05 Apr 2012 18:58:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109124 The court sanctioned the scheme of arrangement under Sections 391 to 394 of the Companies Act, 1956, involving the merger of companies, finding it fair, reasonable, and in the interest of the company and its shareholders. Despite objections by creditors, the court held that the petitioner company's sound financial position and disputed claims did not warrant rejecting the scheme. The court rejected the creditors' objections and allowed the petition, granting the scheme with specified clauses and awarding costs to the Regional Director. Case-Laws Companies Law Thu, 06 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109124