https://www.taxtmi.com/caselaws?id=110512 The High Court of Judicature at Bombay approved the scheme of amalgamation between a transferor company and a petitioner company. The scheme was supported by equity shareholders, secured creditors, and unsecured creditors. The Central Government had no objections, and the Board of Directors of both companies approved the arrangement. The court found the scheme justified, ensuring financial viability post-merger with ample assets to cover liabilities. No ongoing investigations or proceedings existed against the companies, and the Official Liquidator raised no objections. The judge determined the scheme to be in the overall benefit and interest of stakeholders, thus making it binding. en-us Tue, 03 Aug 2004 00:00:00 +0530 Tue, 17 Apr 2012 12:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110512 The High Court of Judicature at Bombay approved the scheme of amalgamation between a transferor company and a petitioner company. The scheme was supported by equity shareholders, secured creditors, and unsecured creditors. The Central Government had no objections, and the Board of Directors of both companies approved the arrangement. The court found the scheme justified, ensuring financial viability post-merger with ample assets to cover liabilities. No ongoing investigations or proceedings existed against the companies, and the Official Liquidator raised no objections. The judge determined the scheme to be in the overall benefit and interest of stakeholders, thus making it binding. Case-Laws Companies Law Tue, 03 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110512