https://www.taxtmi.com/caselaws?id=113875 The court dismissed the appeals and upheld the amalgamation of Reliance Petroleum Ltd. with Reliance Industries Ltd. The objections raised regarding the undue haste in the process and the fairness and validity of the valuation and fairness reports were found to be without merit. The court emphasized the overwhelming approval by shareholders and creditors, the absence of material evidence contradicting the experts' reports, and the limited scope of the court's jurisdiction in sanctioning such schemes. The prayer for continuing the status quo was also denied. en-us Mon, 03 Aug 2009 00:00:00 +0530 Tue, 04 Nov 2014 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113875 The court dismissed the appeals and upheld the amalgamation of Reliance Petroleum Ltd. with Reliance Industries Ltd. The objections raised regarding the undue haste in the process and the fairness and validity of the valuation and fairness reports were found to be without merit. The court emphasized the overwhelming approval by shareholders and creditors, the absence of material evidence contradicting the experts' reports, and the limited scope of the court's jurisdiction in sanctioning such schemes. The prayer for continuing the status quo was also denied. Case-Laws Companies Law Mon, 03 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113875