https://www.taxtmi.com/caselaws?id=113031 The Court sanctioned the proposed scheme of amalgamation under sections 391(2) and 394 of the Companies Act, 1956 for the amalgamation of the transferor-company with the transferee-company. The scheme, aimed at consolidating the companies for operational efficiencies and cost reduction, was approved unanimously by the shareholders, creditors, and equity shareholders of the transferee-company. The Court found no legal impediment, granted sanction to the scheme, directed filing with the Registrar of Companies, and ordered the transferee-company to deposit costs in the Common Pool Fund of the Official Liquidator within a specified timeframe, leading to the disposal of the petition. en-us Mon, 05 May 2008 00:00:00 +0530 Mon, 08 Dec 2014 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113031 The Court sanctioned the proposed scheme of amalgamation under sections 391(2) and 394 of the Companies Act, 1956 for the amalgamation of the transferor-company with the transferee-company. The scheme, aimed at consolidating the companies for operational efficiencies and cost reduction, was approved unanimously by the shareholders, creditors, and equity shareholders of the transferee-company. The Court found no legal impediment, granted sanction to the scheme, directed filing with the Registrar of Companies, and ordered the transferee-company to deposit costs in the Common Pool Fund of the Official Liquidator within a specified timeframe, leading to the disposal of the petition. Case-Laws Companies Law Mon, 05 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113031