https://www.taxtmi.com/caselaws?id=111899 The High Court sanctioned the Scheme of arrangement involving amalgamation and demerger among three companies, subject to specified conditions. The court emphasized the importance of compliance with Sections 391 and 394 of the Companies Act, ensuring fairness, public interest, and protection of creditors' interests. The scheme aimed to consolidate business operations, enhance shareholder value, and safeguard employees' terms. The court approved the scheme as beneficial to the companies and shareholders, directing the companies to file certified copies of the order with the Registrar of Companies within thirty days. The Assistant Solicitor General's fees were fixed at Rs. 2,000, to be paid by the Central Government. en-us Fri, 25 Jul 2008 00:00:00 +0530 Wed, 03 Dec 2014 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111899 The High Court sanctioned the Scheme of arrangement involving amalgamation and demerger among three companies, subject to specified conditions. The court emphasized the importance of compliance with Sections 391 and 394 of the Companies Act, ensuring fairness, public interest, and protection of creditors' interests. The scheme aimed to consolidate business operations, enhance shareholder value, and safeguard employees' terms. The court approved the scheme as beneficial to the companies and shareholders, directing the companies to file certified copies of the order with the Registrar of Companies within thirty days. The Assistant Solicitor General's fees were fixed at Rs. 2,000, to be paid by the Central Government. Case-Laws Companies Law Fri, 25 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111899