https://www.taxtmi.com/caselaws?id=111787 The Court approved the scheme of amalgamation under sections 391 and 394 of the Companies Act, 1956, between the transferor and transferee companies. Exemption from convening statutory meetings was granted due to prior shareholder consent. Despite opposition from an ex-workman over alleged dues, the Court accepted the scheme after the transferor company demonstrated a bona fide dispute and deposited the disputed amount. The amalgamation aimed to enhance efficiency, eliminate redundancies, and benefit stakeholders. The Court sanctioned the scheme, directing the transferor company to deposit costs and clarifying stamp duty obligations. en-us Mon, 28 Apr 2008 00:00:00 +0530 Mon, 08 Dec 2014 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111787 The Court approved the scheme of amalgamation under sections 391 and 394 of the Companies Act, 1956, between the transferor and transferee companies. Exemption from convening statutory meetings was granted due to prior shareholder consent. Despite opposition from an ex-workman over alleged dues, the Court accepted the scheme after the transferor company demonstrated a bona fide dispute and deposited the disputed amount. The amalgamation aimed to enhance efficiency, eliminate redundancies, and benefit stakeholders. The Court sanctioned the scheme, directing the transferor company to deposit costs and clarifying stamp duty obligations. Case-Laws Companies Law Mon, 28 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111787