https://www.taxtmi.com/caselaws?id=109469 The court sanctioned the scheme of amalgamation under section 394 of the Companies Act, 1956, between a transferor company engaged in the steel business and a transferee company with similar objectives. Despite objections regarding share valuation, the court upheld the scheme, emphasizing shareholder acceptance and fairness. With approvals from both boards and no stakeholder objections, the court found the scheme beneficial to shareholders and employees. The amalgamation was approved, directing the transfer of assets and liabilities without winding up, subject to registration within 30 days. en-us Wed, 05 Nov 2003 00:00:00 +0530 Tue, 10 Apr 2012 13:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109469 The court sanctioned the scheme of amalgamation under section 394 of the Companies Act, 1956, between a transferor company engaged in the steel business and a transferee company with similar objectives. Despite objections regarding share valuation, the court upheld the scheme, emphasizing shareholder acceptance and fairness. With approvals from both boards and no stakeholder objections, the court found the scheme beneficial to shareholders and employees. The amalgamation was approved, directing the transfer of assets and liabilities without winding up, subject to registration within 30 days. Case-Laws Companies Law Wed, 05 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109469