https://www.taxtmi.com/caselaws?id=113936 The court dismissed the petitions for the scheme of amalgamation due to doubts surrounding the appointment of Shri Amit Gupta, illegal removal of directors, improper changes in shareholding, withholding of material information, and procedural irregularities. Costs of Rs. 50,000 were assessed against the petitioners, to be deposited with the H.P. Legal Services Authority, with the court highlighting the petitioners' attempts to mislead throughout the proceedings. en-us Thu, 10 Sep 2009 00:00:00 +0530 Sat, 01 Nov 2014 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113936 The court dismissed the petitions for the scheme of amalgamation due to doubts surrounding the appointment of Shri Amit Gupta, illegal removal of directors, improper changes in shareholding, withholding of material information, and procedural irregularities. Costs of Rs. 50,000 were assessed against the petitioners, to be deposited with the H.P. Legal Services Authority, with the court highlighting the petitioners' attempts to mislead throughout the proceedings. Case-Laws Companies Law Thu, 10 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113936