https://www.taxtmi.com/caselaws?id=111257 The Court sanctioned a scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, between two companies in the same line of business. Shareholders consented, and notices were provided to secured creditors. The Regional Director raised objections regarding compliance with certain sections of the Companies Act, which the Court dismissed, stating that section 391 suffices for sanctioning such schemes. Finding all statutory requirements met and no prejudice to stakeholders, the Court approved the scheme, directing the petitioner to pay costs to the Regional Director and Official Liquidator. en-us Wed, 11 Apr 2007 00:00:00 +0530 Sat, 21 Apr 2012 14:26:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111257 The Court sanctioned a scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, between two companies in the same line of business. Shareholders consented, and notices were provided to secured creditors. The Regional Director raised objections regarding compliance with certain sections of the Companies Act, which the Court dismissed, stating that section 391 suffices for sanctioning such schemes. Finding all statutory requirements met and no prejudice to stakeholders, the Court approved the scheme, directing the petitioner to pay costs to the Regional Director and Official Liquidator. Case-Laws Companies Law Wed, 11 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111257