https://www.taxtmi.com/caselaws?id=220019 In a scheme of amalgamation, all facts materially bearing on the proposal must be disclosed to the company court, including telecom licence conditions, merger guidelines and relevant correspondence. Their non-disclosure amounted to suppression of material facts, but it did not by itself render the amalgamation sanction a nullity or establish fraud requiring recall of the scheme. Where the real dispute concerned the legal effect and transferability of overlapping telecom licences, that controversy was not to be finally decided in company proceedings. The licence-transfer issue, including any interim arrangement, was held to lie within the competence of TDSAT. en-us Fri, 13 Jul 2012 00:00:00 +0530 Wed, 13 Feb 2013 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220019 In a scheme of amalgamation, all facts materially bearing on the proposal must be disclosed to the company court, including telecom licence conditions, merger guidelines and relevant correspondence. Their non-disclosure amounted to suppression of material facts, but it did not by itself render the amalgamation sanction a nullity or establish fraud requiring recall of the scheme. Where the real dispute concerned the legal effect and transferability of overlapping telecom licences, that controversy was not to be finally decided in company proceedings. The licence-transfer issue, including any interim arrangement, was held to lie within the competence of TDSAT. Case-Laws Companies Law Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220019