https://www.taxtmi.com/caselaws?id=234183 The court sanctioned the scheme of amalgamation under Sections 391 to 394 of the Companies Act, 1956, between multiple transferor companies and the transferee company. Meetings were dispensed with for equity shareholders and secured creditors, and held for unsecured creditors, resulting in significant approval. The objections raised by Unimark Remedies Limited and Shri Mani Swaminathan Iyer were dismissed, with the court finding the scheme fair, reasonable, and in the interest of shareholders, creditors, and the public. The scheme was approved, and the companies were directed to pay fees to the Senior Central Government Counsel and the Official Liquidator. en-us Tue, 02 Apr 2013 00:00:00 +0530 Fri, 31 May 2013 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234183 The court sanctioned the scheme of amalgamation under Sections 391 to 394 of the Companies Act, 1956, between multiple transferor companies and the transferee company. Meetings were dispensed with for equity shareholders and secured creditors, and held for unsecured creditors, resulting in significant approval. The objections raised by Unimark Remedies Limited and Shri Mani Swaminathan Iyer were dismissed, with the court finding the scheme fair, reasonable, and in the interest of shareholders, creditors, and the public. The scheme was approved, and the companies were directed to pay fees to the Senior Central Government Counsel and the Official Liquidator. Case-Laws Companies Law Tue, 02 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234183