https://www.taxtmi.com/caselaws?id=109127 The Court granted sanction to the Scheme of Amalgamation under Section 394 of the Companies Act, 1956, allowing the transfer of assets between two companies without further formalities. Shareholders and creditors approved the Scheme, with no objections raised regarding legality or public interest. The Court emphasized respecting majority shareholders' decisions unless there is clear illegality or unfairness. The Company Petition was made absolute, with the petitioner directed to pay costs to the Regional Director within a specified timeframe. en-us Thu, 06 May 2004 00:00:00 +0530 Thu, 05 Apr 2012 18:59:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109127 The Court granted sanction to the Scheme of Amalgamation under Section 394 of the Companies Act, 1956, allowing the transfer of assets between two companies without further formalities. Shareholders and creditors approved the Scheme, with no objections raised regarding legality or public interest. The Court emphasized respecting majority shareholders' decisions unless there is clear illegality or unfairness. The Company Petition was made absolute, with the petitioner directed to pay costs to the Regional Director within a specified timeframe. Case-Laws Companies Law Thu, 06 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109127