https://www.taxtmi.com/caselaws?id=264526 The court held that SEBI lacked the authority to intervene in scheme petitions under Sections 391-394 of the Companies Act, 1956. It dismissed SEBI's applications, ruling that there was no fraud or suppression of material facts. The court found the valuation and swap ratio justified, emphasizing shareholder approval and the adequacy of disclosures. The court highlighted the acceptance of the DCF method for valuation and upheld the actions of the parties involved, dismissing SEBI's claims and ordering costs against SEBI. en-us Thu, 10 Sep 2015 00:00:00 +0530 Sat, 26 Sep 2015 00:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264526 The court held that SEBI lacked the authority to intervene in scheme petitions under Sections 391-394 of the Companies Act, 1956. It dismissed SEBI's applications, ruling that there was no fraud or suppression of material facts. The court found the valuation and swap ratio justified, emphasizing shareholder approval and the adequacy of disclosures. The court highlighted the acceptance of the DCF method for valuation and upheld the actions of the parties involved, dismissing SEBI's claims and ordering costs against SEBI. Case-Laws Companies Law Thu, 10 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264526