https://www.taxtmi.com/caselaws?id=271879 The High Court sanctioned the Scheme of Amalgamation involving five companies within the same group, aiming to consolidate activities for operational synergies and financial strength. With no objections post-publication and positive reports from the Official Liquidator, the Court found the Scheme beneficial for shareholders, creditors, and public interest. The petitions were granted, costs were allocated, and directions were given for compliance with statutory requirements and filing necessary documents with authorities. The Court dispensed with the drawn-up order, instructing prompt action based on the authenticated copy of the order and Scheme. en-us Mon, 08 Feb 2016 00:00:00 +0530 Sat, 20 Feb 2016 09:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271879 The High Court sanctioned the Scheme of Amalgamation involving five companies within the same group, aiming to consolidate activities for operational synergies and financial strength. With no objections post-publication and positive reports from the Official Liquidator, the Court found the Scheme beneficial for shareholders, creditors, and public interest. The petitions were granted, costs were allocated, and directions were given for compliance with statutory requirements and filing necessary documents with authorities. The Court dispensed with the drawn-up order, instructing prompt action based on the authenticated copy of the order and Scheme. Case-Laws Companies Law Mon, 08 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271879