https://www.taxtmi.com/caselaws?id=110467 The Court granted sanction for the scheme of amalgamation of transferor companies into the transferee company under section 391(2) of the Companies Act, 1956. The objections raised by the Official Liquidator and the Court were addressed, including concerns about fractional shares payment and pending proceedings. Meetings of equity shareholders and creditors were convened, and the scheme was unanimously approved. The Court found no legal or factual impediment to the scheme and approved the amalgamation, leading to the dissolution of transferor companies without winding up. en-us Fri, 16 Jul 2004 00:00:00 +0530 Mon, 16 Apr 2012 18:52:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110467 The Court granted sanction for the scheme of amalgamation of transferor companies into the transferee company under section 391(2) of the Companies Act, 1956. The objections raised by the Official Liquidator and the Court were addressed, including concerns about fractional shares payment and pending proceedings. Meetings of equity shareholders and creditors were convened, and the scheme was unanimously approved. The Court found no legal or factual impediment to the scheme and approved the amalgamation, leading to the dissolution of transferor companies without winding up. Case-Laws Companies Law Fri, 16 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110467