https://www.taxtmi.com/caselaws?id=213362 The court approved the scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, for the transferor and transferee companies. The board of directors of both companies had already endorsed the merger, with no objections from secured creditors or ongoing investigations against either company. The objection raised by the Regional Director was dismissed based on legal precedent. The official liquidator confirmed no prejudicial conduct by the transferor company. Equity shareholders' meetings were waived for both companies, and the court ruled in favor of the amalgamation scheme, prioritizing the interests of equity shareholders. en-us Wed, 15 Jun 2011 00:00:00 +0530 Sat, 19 May 2012 20:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213362 The court approved the scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, for the transferor and transferee companies. The board of directors of both companies had already endorsed the merger, with no objections from secured creditors or ongoing investigations against either company. The objection raised by the Regional Director was dismissed based on legal precedent. The official liquidator confirmed no prejudicial conduct by the transferor company. Equity shareholders' meetings were waived for both companies, and the court ruled in favor of the amalgamation scheme, prioritizing the interests of equity shareholders. Case-Laws Companies Law Wed, 15 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213362