https://www.taxtmi.com/caselaws?id=213227 The court sanctioned the Scheme of Arrangement and Demerger between Zuari Industries Limited and Zuari Holdings Limited under Sections 391, 394, and 395 of the Companies Act, 1956. The court found the scheme fair, reasonable, and not prejudicial to shareholders, creditors, or the public. Despite objections raised regarding the swapping of company names and concerns about the promoter group's increased control, the court approved the scheme, emphasizing the majority shareholders' approval and the absence of demonstrated prejudice. The court refused to stay the order, affirming shareholder support for the scheme. en-us Fri, 02 Mar 2012 00:00:00 +0530 Wed, 13 Feb 2013 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213227 The court sanctioned the Scheme of Arrangement and Demerger between Zuari Industries Limited and Zuari Holdings Limited under Sections 391, 394, and 395 of the Companies Act, 1956. The court found the scheme fair, reasonable, and not prejudicial to shareholders, creditors, or the public. Despite objections raised regarding the swapping of company names and concerns about the promoter group's increased control, the court approved the scheme, emphasizing the majority shareholders' approval and the absence of demonstrated prejudice. The court refused to stay the order, affirming shareholder support for the scheme. Case-Laws Companies Law Fri, 02 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213227