https://www.taxtmi.com/caselaws?id=110120 The Court granted the petitions for the sanction of a Scheme of Arrangement involving Slump Sale and Amalgamation, despite objections raised by Auditors regarding financial aspects. The Court found the explanations provided satisfactory, upheld the commercial wisdom of the shareholders, and deemed the Scheme to be in the interest of the companies, their members, and creditors. The costs were quantified at Rs. 3,500 per petition to be paid to the Assistant Solicitor General. en-us Mon, 18 Jul 2005 00:00:00 +0530 Fri, 13 Apr 2012 18:00:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110120 The Court granted the petitions for the sanction of a Scheme of Arrangement involving Slump Sale and Amalgamation, despite objections raised by Auditors regarding financial aspects. The Court found the explanations provided satisfactory, upheld the commercial wisdom of the shareholders, and deemed the Scheme to be in the interest of the companies, their members, and creditors. The costs were quantified at Rs. 3,500 per petition to be paid to the Assistant Solicitor General. Case-Laws Companies Law Mon, 18 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110120