https://www.taxtmi.com/caselaws?id=112546 The High Court sanctioned the scheme of amalgamation under Section 394 of the Companies Act, approving the transfer of the undertaking from the Transferor company to the Transferee company without winding up. Compliance with statutory requirements was confirmed, objections by an intervenor regarding a Supply Agreement transfer were dismissed for lack of locus standi, and alleged breach of contractual obligations was deemed separate from the scheme approval. The Court found the scheme non-prejudicial and granted the petitions, directing stamp duty adjudication, cost payment, and authentication for implementation. en-us Tue, 16 Jun 2009 00:00:00 +0530 Fri, 07 Nov 2014 13:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112546 The High Court sanctioned the scheme of amalgamation under Section 394 of the Companies Act, approving the transfer of the undertaking from the Transferor company to the Transferee company without winding up. Compliance with statutory requirements was confirmed, objections by an intervenor regarding a Supply Agreement transfer were dismissed for lack of locus standi, and alleged breach of contractual obligations was deemed separate from the scheme approval. The Court found the scheme non-prejudicial and granted the petitions, directing stamp duty adjudication, cost payment, and authentication for implementation. Case-Laws Companies Law Tue, 16 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112546