https://www.taxtmi.com/caselaws?id=112513 The Court sanctioned the scheme of amalgamation involving three companies for better resource utilization, financial growth, and managerial synergy. Meetings of equity shareholders and creditors were dispensed with as consents were obtained. Compliance with statutory provisions and pending liabilities was addressed, with a clarification on liabilities arising from violations. The accounting treatment under Accounting Standard 14 was deemed appropriate. The Court approved the scheme as beneficial to the companies, with costs quantified for the Central Government counsel. en-us Fri, 08 May 2009 00:00:00 +0530 Sun, 09 Nov 2014 21:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112513 The Court sanctioned the scheme of amalgamation involving three companies for better resource utilization, financial growth, and managerial synergy. Meetings of equity shareholders and creditors were dispensed with as consents were obtained. Compliance with statutory provisions and pending liabilities was addressed, with a clarification on liabilities arising from violations. The accounting treatment under Accounting Standard 14 was deemed appropriate. The Court approved the scheme as beneficial to the companies, with costs quantified for the Central Government counsel. Case-Laws Companies Law Fri, 08 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112513