https://www.taxtmi.com/caselaws?id=211198 The court sanctioned the scheme of amalgamation between M/s. Essar Telecommunication Holdings P. Ltd. and M/s. India Securities Ltd., rejecting objections from the Income-tax Department and M/s. Vodafone International BV. The court upheld the preliminary objection on the locus standi of M/s. Vodafone International BV to file objections, citing relevant legal precedents. The scheme was deemed beneficial for the companies, shareholders, and creditors involved. The court also fixed the remuneration for the Additional Central Government Standing Counsel at Rs. 5,000 per petition, to be paid by the petitioner-companies. en-us Thu, 21 Apr 2011 00:00:00 +0530 Fri, 08 Feb 2013 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211198 The court sanctioned the scheme of amalgamation between M/s. Essar Telecommunication Holdings P. Ltd. and M/s. India Securities Ltd., rejecting objections from the Income-tax Department and M/s. Vodafone International BV. The court upheld the preliminary objection on the locus standi of M/s. Vodafone International BV to file objections, citing relevant legal precedents. The scheme was deemed beneficial for the companies, shareholders, and creditors involved. The court also fixed the remuneration for the Additional Central Government Standing Counsel at Rs. 5,000 per petition, to be paid by the petitioner-companies. Case-Laws Companies Law Thu, 21 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211198