https://www.taxtmi.com/caselaws?id=111020 The court approved the Scheme of Amalgamation between the Transferor Company and the Transferee Company under sections 391 to 394 of the Companies Act, 1956. Legal formalities were met, and despite concerns about the Transferee company's views, the Scheme protected employees' interests and allowed for the dissolution of the Transferor Company without winding up. The court relied on previous decisions supporting the Transferor Company's single application due to its subsidiary status. The court found the application appropriate, ordering the Scheme's implementation and directing the Transferee Company to make a specified payment to the Regional Director's counsel. en-us Wed, 28 Sep 2005 00:00:00 +0530 Thu, 19 Apr 2012 17:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111020 The court approved the Scheme of Amalgamation between the Transferor Company and the Transferee Company under sections 391 to 394 of the Companies Act, 1956. Legal formalities were met, and despite concerns about the Transferee company's views, the Scheme protected employees' interests and allowed for the dissolution of the Transferor Company without winding up. The court relied on previous decisions supporting the Transferor Company's single application due to its subsidiary status. The court found the application appropriate, ordering the Scheme's implementation and directing the Transferee Company to make a specified payment to the Regional Director's counsel. Case-Laws Companies Law Wed, 28 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111020