https://www.taxtmi.com/caselaws?id=113856 The court sanctioned the scheme of amalgamation between the transferor company (RPL) and the transferee company (RIL). The court found the scheme fair and compliant with statutory requirements, approved by the majority of shareholders and creditors. Allegations of mismanagement were addressed, and objections from minority shareholders were deemed meritless. The Central Government and Official Liquidator were satisfied with the scheme, which had also been approved by the Bombay High Court. The petition was allowed, costs were imposed, and objectors were given a two-week window to appeal. en-us Wed, 29 Jul 2009 00:00:00 +0530 Tue, 04 Nov 2014 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113856 The court sanctioned the scheme of amalgamation between the transferor company (RPL) and the transferee company (RIL). The court found the scheme fair and compliant with statutory requirements, approved by the majority of shareholders and creditors. Allegations of mismanagement were addressed, and objections from minority shareholders were deemed meritless. The Central Government and Official Liquidator were satisfied with the scheme, which had also been approved by the Bombay High Court. The petition was allowed, costs were imposed, and objectors were given a two-week window to appeal. Case-Laws Companies Law Wed, 29 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113856