https://www.taxtmi.com/caselaws?id=110579 The judgment allowed for the substitution of the transferee-company in place of the transferor-company under sections 397/398 of the Companies Act, 1956, following the amalgamation of the companies. The Court held that the transferee-company, as a member of the respondent-company post-amalgamation, could move a petition under sections 397/398, even without specific oppression allegations against it. The maintainability of the petition was affirmed based on the facts at the time of its presentation, allowing the transferee-company to enforce the rights previously held by the transferor-company. The appeal was dismissed, with no costs awarded. en-us Tue, 31 Aug 2004 00:00:00 +0530 Tue, 17 Apr 2012 15:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110579 The judgment allowed for the substitution of the transferee-company in place of the transferor-company under sections 397/398 of the Companies Act, 1956, following the amalgamation of the companies. The Court held that the transferee-company, as a member of the respondent-company post-amalgamation, could move a petition under sections 397/398, even without specific oppression allegations against it. The maintainability of the petition was affirmed based on the facts at the time of its presentation, allowing the transferee-company to enforce the rights previously held by the transferor-company. The appeal was dismissed, with no costs awarded. Case-Laws Companies Law Tue, 31 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110579