https://www.taxtmi.com/caselaws?id=111275 The Court sanctioned the scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, involving Indian Petrochemicals Corporation Limited and Reliance Industries Limited. The scheme was approved by the majority of shareholders and creditors, with no objections raised by stock exchanges. All statutory requirements were met, and the Regional Director confirmed no public interest issues. The Court's order made the scheme binding on all parties, with directives on business transfer, liabilities, equity shares issuance, and registration. The petitioner was instructed to provide a certified copy of the order to the Registrar of Companies, Maharashtra for registration. en-us Tue, 12 Jun 2007 00:00:00 +0530 Sat, 21 Apr 2012 15:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111275 The Court sanctioned the scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, involving Indian Petrochemicals Corporation Limited and Reliance Industries Limited. The scheme was approved by the majority of shareholders and creditors, with no objections raised by stock exchanges. All statutory requirements were met, and the Regional Director confirmed no public interest issues. The Court's order made the scheme binding on all parties, with directives on business transfer, liabilities, equity shares issuance, and registration. The petitioner was instructed to provide a certified copy of the order to the Registrar of Companies, Maharashtra for registration. Case-Laws Companies Law Tue, 12 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111275