https://www.taxtmi.com/caselaws?id=234500 The court sanctioned the scheme of amalgamation under Sections 391 and 394 of the Companies Act, involving the transferor and transferee companies. The scheme was justified for synergy and growth prospects, compensating Turner with USD 1,500,000. Despite alleged non-compliance by the respondent, the court found no obligation to transfer certain assets, dismissing the request for winding up the transferee company. The appeal was dismissed, with costs quantified at Rs. 25,000. en-us Wed, 13 Mar 2013 00:00:00 +0530 Fri, 14 Jun 2013 12:51:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234500 The court sanctioned the scheme of amalgamation under Sections 391 and 394 of the Companies Act, involving the transferor and transferee companies. The scheme was justified for synergy and growth prospects, compensating Turner with USD 1,500,000. Despite alleged non-compliance by the respondent, the court found no obligation to transfer certain assets, dismissing the request for winding up the transferee company. The appeal was dismissed, with costs quantified at Rs. 25,000. Case-Laws Companies Law Wed, 13 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234500