https://www.taxtmi.com/caselaws?id=112560 The court sanctioned the scheme of amalgamation between Reliance Petroleum Ltd. and Reliance Industries Ltd. The court found that all statutory formalities were complied with, the valuation and fairness reports were fair and reasonable, and objections regarding undue haste and non-application of mind were dismissed. Concerns about pending legal proceedings and inter-company transactions were deemed immaterial to the approval of the scheme. The court concluded that the scheme was not prejudicial and allowed the petition, ordering the petitioner to pay costs to the Regional Director and staying the decision's operation for four weeks upon an objector's request. en-us Mon, 29 Jun 2009 00:00:00 +0530 Thu, 06 Nov 2014 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112560 The court sanctioned the scheme of amalgamation between Reliance Petroleum Ltd. and Reliance Industries Ltd. The court found that all statutory formalities were complied with, the valuation and fairness reports were fair and reasonable, and objections regarding undue haste and non-application of mind were dismissed. Concerns about pending legal proceedings and inter-company transactions were deemed immaterial to the approval of the scheme. The court concluded that the scheme was not prejudicial and allowed the petition, ordering the petitioner to pay costs to the Regional Director and staying the decision's operation for four weeks upon an objector's request. Case-Laws Companies Law Mon, 29 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112560