https://www.taxtmi.com/caselaws?id=110490 Grant of sanction under the Companies Act for a composite amalgamation and demerger was approved after the court found statutory convening and conduct of shareholder and creditor meetings compliant, the Registrar raised no objection, and approvals were unanimous. The court held the scheme was not illegal, mala fide, or designed to defeat creditor or minority shareholder rights, and noted administrative and commercial benefits alongside safeguards for stakeholders. Sanction is granted subject to corresponding sanction by the High Courts where the other companies are registered. en-us Wed, 28 Jul 2004 00:00:00 +0530 Tue, 17 Apr 2012 11:20:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110490 Grant of sanction under the Companies Act for a composite amalgamation and demerger was approved after the court found statutory convening and conduct of shareholder and creditor meetings compliant, the Registrar raised no objection, and approvals were unanimous. The court held the scheme was not illegal, mala fide, or designed to defeat creditor or minority shareholder rights, and noted administrative and commercial benefits alongside safeguards for stakeholders. Sanction is granted subject to corresponding sanction by the High Courts where the other companies are registered. Case-Laws Companies Law Wed, 28 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110490