https://www.taxtmi.com/caselaws?id=175723 The court granted sanction to the Scheme of Amalgamation under Sections 391(2) and 394 of the Companies Act, allowing the transfer of properties and undertaking from the transferor company to the transferee company. Despite objections raised by M/s Dream Cars and the Regional Director, the court found no legal impediment to approving the scheme after considering all objections and settlements. The court's decision led to the dissolution of the Transferor Companies without the need for winding-up proceedings, ensuring compliance with the Companies Act. en-us Thu, 22 Jul 2004 00:00:00 +0530 Thu, 03 Dec 2015 17:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175723 The court granted sanction to the Scheme of Amalgamation under Sections 391(2) and 394 of the Companies Act, allowing the transfer of properties and undertaking from the transferor company to the transferee company. Despite objections raised by M/s Dream Cars and the Regional Director, the court found no legal impediment to approving the scheme after considering all objections and settlements. The court's decision led to the dissolution of the Transferor Companies without the need for winding-up proceedings, ensuring compliance with the Companies Act. Case-Laws Companies Law Thu, 22 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175723