https://www.taxtmi.com/caselaws?id=337442 The Court granted sanction to the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956, emphasizing compliance with statutory obligations. The judgment highlighted the need for adherence to the approved Scheme, warning that any deficiencies or violations would not be shielded by the Court's approval. The Transferor Company was directed to dissolve without winding up, subject to fulfilling legal obligations. A cost of Rs. 2,00,000 was imposed on the Petitioners, payable to the Delhi High Court Bar Association Lawyers' Social and Welfare Fund. The petition was allowed, concluding the matter with specified obligations on the parties. en-us Mon, 19 Dec 2016 00:00:00 +0530 Tue, 10 Jan 2017 07:22:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337442 The Court granted sanction to the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956, emphasizing compliance with statutory obligations. The judgment highlighted the need for adherence to the approved Scheme, warning that any deficiencies or violations would not be shielded by the Court's approval. The Transferor Company was directed to dissolve without winding up, subject to fulfilling legal obligations. A cost of Rs. 2,00,000 was imposed on the Petitioners, payable to the Delhi High Court Bar Association Lawyers' Social and Welfare Fund. The petition was allowed, concluding the matter with specified obligations on the parties. Case-Laws Companies Law Mon, 19 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337442