https://www.taxtmi.com/caselaws?id=230272 The Court sanctioned the Scheme of Arrangement under Sections 391 and 394 of the Companies Act, 1956, involving the amalgamation of two companies. Objections raised by a shareholder were deemed meritless, and compliance with statutory procedures was confirmed. The Court found the Scheme just, fair, and reasonable, approving the transfer of assets and dissolution of one company without winding up. Requirements for NOC from the stock exchange were considered non-mandatory. The Court directed necessary filings and fund deposits, ultimately allowing the petitions with no costs awarded. en-us Wed, 20 Feb 2013 00:00:00 +0530 Mon, 01 Apr 2013 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=230272 The Court sanctioned the Scheme of Arrangement under Sections 391 and 394 of the Companies Act, 1956, involving the amalgamation of two companies. Objections raised by a shareholder were deemed meritless, and compliance with statutory procedures was confirmed. The Court found the Scheme just, fair, and reasonable, approving the transfer of assets and dissolution of one company without winding up. Requirements for NOC from the stock exchange were considered non-mandatory. The Court directed necessary filings and fund deposits, ultimately allowing the petitions with no costs awarded. Case-Laws Companies Law Wed, 20 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=230272