https://www.taxtmi.com/caselaws?id=111939 The Court sanctioned the scheme of amalgamation under sections 391 and 394 of the Companies Act, 1956, finding it beneficial for the companies involved without prejudicing creditors, shareholders, or the public. The order allowed the company petitions related to the amalgamation and specified costs to be paid to the Central Government Counsel, while clarifying that the sanction would not hinder any criminal prosecution or legal proceedings against the transferee companies or their directors for past actions. en-us Mon, 15 Sep 2008 00:00:00 +0530 Fri, 28 Nov 2014 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111939 The Court sanctioned the scheme of amalgamation under sections 391 and 394 of the Companies Act, 1956, finding it beneficial for the companies involved without prejudicing creditors, shareholders, or the public. The order allowed the company petitions related to the amalgamation and specified costs to be paid to the Central Government Counsel, while clarifying that the sanction would not hinder any criminal prosecution or legal proceedings against the transferee companies or their directors for past actions. Case-Laws Companies Law Mon, 15 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111939