https://www.taxtmi.com/caselaws?id=112002 The court approved the scheme of arrangement for amalgamation under sections 391 and 394 of the Companies Act, 1956, involving three petitioner-companies in the realty sector. The amalgamation aimed to consolidate operations, benefit from economies of scale, streamline administration, enhance financial strength, and gain a competitive edge. After reviewing the petitions and submissions, the court found the scheme to be in the interest of the companies, members, and creditors. The prayers in the petitions were granted, and costs to the Central Government standing counsel were quantified and directed to be paid accordingly, concluding the judgment. en-us Thu, 29 Nov 2007 00:00:00 +0530 Fri, 19 Dec 2014 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112002 The court approved the scheme of arrangement for amalgamation under sections 391 and 394 of the Companies Act, 1956, involving three petitioner-companies in the realty sector. The amalgamation aimed to consolidate operations, benefit from economies of scale, streamline administration, enhance financial strength, and gain a competitive edge. After reviewing the petitions and submissions, the court found the scheme to be in the interest of the companies, members, and creditors. The prayers in the petitions were granted, and costs to the Central Government standing counsel were quantified and directed to be paid accordingly, concluding the judgment. Case-Laws Companies Law Thu, 29 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112002