https://www.taxtmi.com/caselaws?id=111626 The court sanctioned the scheme of arrangement and amalgamation under sections 100, 101, and 391 to 394 of the Companies Act, 1956, involving multiple companies within the Torrent group. Despite objections raised by shareholders regarding fairness, valuation of shares, and reduction of share capital, the court found the scheme compliant with statutory procedures and approved by a majority of stakeholders. The court deemed the scheme fair, reasonable, and in the public interest, leading to the approval of the arrangement and amalgamation, including the reduction of share capital. The court also rejected a request to stay the order and ordered the petitioner-company to pay fees to the Assistant Solicitor General of India. en-us Wed, 12 Jul 2006 00:00:00 +0530 Tue, 24 Apr 2012 13:33:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111626 The court sanctioned the scheme of arrangement and amalgamation under sections 100, 101, and 391 to 394 of the Companies Act, 1956, involving multiple companies within the Torrent group. Despite objections raised by shareholders regarding fairness, valuation of shares, and reduction of share capital, the court found the scheme compliant with statutory procedures and approved by a majority of stakeholders. The court deemed the scheme fair, reasonable, and in the public interest, leading to the approval of the arrangement and amalgamation, including the reduction of share capital. The court also rejected a request to stay the order and ordered the petitioner-company to pay fees to the Assistant Solicitor General of India. Case-Laws Companies Law Wed, 12 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111626