https://www.taxtmi.com/caselaws?id=195249 A scheme of amalgamation was examined against statutory compliance, meeting directions, shareholder approval and creditor interests. Objections alleging manipulation in valuation and fairness reports, and criticism of same-day procedural steps, were treated as belated and rejected. The Tribunal reiterated that commercial decisions of corporate entities will not be disturbed unless the scheme is shown to be unfair, unreasonable, contrary to public policy, or unlawful. The accounting treatment was found consistent with accepted standards, and no prejudice to creditors was established. On that basis, the objections were rejected and the scheme was sanctioned as fair, reasonable, and legally compliant. en-us Thu, 13 Apr 2017 00:00:00 +0530 Wed, 29 Nov 2017 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195249 A scheme of amalgamation was examined against statutory compliance, meeting directions, shareholder approval and creditor interests. Objections alleging manipulation in valuation and fairness reports, and criticism of same-day procedural steps, were treated as belated and rejected. The Tribunal reiterated that commercial decisions of corporate entities will not be disturbed unless the scheme is shown to be unfair, unreasonable, contrary to public policy, or unlawful. The accounting treatment was found consistent with accepted standards, and no prejudice to creditors was established. On that basis, the objections were rejected and the scheme was sanctioned as fair, reasonable, and legally compliant. Case-Laws Companies Law Thu, 13 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195249