https://www.taxtmi.com/caselaws?id=111587 The court approved the scheme of amalgamation between the transferor and transferee companies under sections 391(2) and 394 of the Companies Act, 1956. The scheme aimed at consolidating businesses for mutual benefit, with the board's unanimous approval and shareholder consent. Despite objections, the court found the scheme fair, beneficial, and compliant with laws. The petition was allowed, and the scheme of arrangement was sanctioned, except for certain parts. The petitioner was directed to pay costs, and the order was to be communicated for compliance. en-us Thu, 01 Jun 2006 00:00:00 +0530 Tue, 24 Apr 2012 12:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111587 The court approved the scheme of amalgamation between the transferor and transferee companies under sections 391(2) and 394 of the Companies Act, 1956. The scheme aimed at consolidating businesses for mutual benefit, with the board's unanimous approval and shareholder consent. Despite objections, the court found the scheme fair, beneficial, and compliant with laws. The petition was allowed, and the scheme of arrangement was sanctioned, except for certain parts. The petitioner was directed to pay costs, and the order was to be communicated for compliance. Case-Laws Companies Law Thu, 01 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111587