https://www.taxtmi.com/caselaws?id=215817 The court approved the scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, involving three companies engaged in similar businesses. After addressing queries and observations raised by the Regional Director, the court found all statutory requirements were met, and compliance was in order. The court deemed the scheme fair, reasonable, and not against public policy. With no opposition and considering the board's commercial judgment, the court sanctioned the scheme, ordering dissolution of the transferor companies without winding up and directing filing of the order within 30 days. en-us Fri, 09 Sep 2011 00:00:00 +0530 Mon, 20 Aug 2012 17:17:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215817 The court approved the scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, involving three companies engaged in similar businesses. After addressing queries and observations raised by the Regional Director, the court found all statutory requirements were met, and compliance was in order. The court deemed the scheme fair, reasonable, and not against public policy. With no opposition and considering the board's commercial judgment, the court sanctioned the scheme, ordering dissolution of the transferor companies without winding up and directing filing of the order within 30 days. Case-Laws Companies Law Fri, 09 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215817