https://www.taxtmi.com/caselaws?id=113921 The court upheld the scheme of amalgamation between the transferor and transferee companies, dismissing appeals by equity shareholders. Allegations of fraud and non-disclosure were rejected, with the court finding the proposed share exchange ratio fair and compliant with procedural requirements. The court noted the independence of the chartered accountants in valuation and found no evidence of impropriety. The objections raised were deemed unsubstantiated, leading to the dismissal of the appeals and the vacating of the interim stay. en-us Fri, 11 Sep 2009 00:00:00 +0530 Sat, 01 Nov 2014 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113921 The court upheld the scheme of amalgamation between the transferor and transferee companies, dismissing appeals by equity shareholders. Allegations of fraud and non-disclosure were rejected, with the court finding the proposed share exchange ratio fair and compliant with procedural requirements. The court noted the independence of the chartered accountants in valuation and found no evidence of impropriety. The objections raised were deemed unsubstantiated, leading to the dismissal of the appeals and the vacating of the interim stay. Case-Laws Companies Law Fri, 11 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113921