https://www.taxtmi.com/caselaws?id=110596 Pending prosecutions and other proceedings did not bar sanction of the amalgamation, because the matters referred to in the Regional Director's affidavit were not proceedings under sections 235 to 251 of the Companies Act, 1956, and the material before the Court did not show any ground to obstruct the merger. The transferee company's status as the wholly owned parent of the transferor also supported approval, while the Regional Director did not oppose the scheme. The pending proceedings were permitted to continue in accordance with law, and relief sanctioning the merger was granted under section 391(2). en-us Thu, 13 Mar 2003 00:00:00 +0530 Tue, 17 Apr 2012 16:44:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110596 Pending prosecutions and other proceedings did not bar sanction of the amalgamation, because the matters referred to in the Regional Director's affidavit were not proceedings under sections 235 to 251 of the Companies Act, 1956, and the material before the Court did not show any ground to obstruct the merger. The transferee company's status as the wholly owned parent of the transferor also supported approval, while the Regional Director did not oppose the scheme. The pending proceedings were permitted to continue in accordance with law, and relief sanctioning the merger was granted under section 391(2). Case-Laws Companies Law Thu, 13 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110596