https://www.taxtmi.com/caselaws?id=110115 The Court granted the petitions for the sanction of a Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956. The proposed Scheme involving three petitioner-companies and Sun Pharmaceutical Industries Limited was approved by shareholders and creditors. Compliance with statutory requirements was met, objections were addressed, and the Court determined that the objections raised by the Regional Director were not sustainable. The Court concluded that the amalgamation would benefit the companies, their members, and creditors, and granted the petitions as prayed for in paragraph 16(A), with costs quantified at Rs. 3,500 per petition. en-us Thu, 14 Jul 2005 00:00:00 +0530 Fri, 13 Apr 2012 17:49:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110115 The Court granted the petitions for the sanction of a Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956. The proposed Scheme involving three petitioner-companies and Sun Pharmaceutical Industries Limited was approved by shareholders and creditors. Compliance with statutory requirements was met, objections were addressed, and the Court determined that the objections raised by the Regional Director were not sustainable. The Court concluded that the amalgamation would benefit the companies, their members, and creditors, and granted the petitions as prayed for in paragraph 16(A), with costs quantified at Rs. 3,500 per petition. Case-Laws Companies Law Thu, 14 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110115