https://www.taxtmi.com/caselaws?id=110784 In a scheme of amalgamation, non-disclosure will vitiate approval only if a material fact relevant to the compromise or arrangement was withheld; a pending FIR and uncrystallised damages were not treated as material liabilities requiring disclosure. Notice of the creditors' meeting was held valid where posted within time and deemed served, despite later actual receipt. Unsecured creditors, including related overseas entities, were not treated as a separate class because their rights were left intact and no differential compromise was proposed. Objections on authorised share capital, memorandum amendment, reserves, and nominee shares did not justify refusal of sanction, and the scheme was treated as fair and compliant. en-us Thu, 30 Mar 2006 00:00:00 +0530 Wed, 18 Apr 2012 15:59:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110784 In a scheme of amalgamation, non-disclosure will vitiate approval only if a material fact relevant to the compromise or arrangement was withheld; a pending FIR and uncrystallised damages were not treated as material liabilities requiring disclosure. Notice of the creditors' meeting was held valid where posted within time and deemed served, despite later actual receipt. Unsecured creditors, including related overseas entities, were not treated as a separate class because their rights were left intact and no differential compromise was proposed. Objections on authorised share capital, memorandum amendment, reserves, and nominee shares did not justify refusal of sanction, and the scheme was treated as fair and compliant. Case-Laws Companies Law Thu, 30 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110784