https://www.taxtmi.com/caselaws?id=372036 The judgments in Company Appeal 30/2018 and Company Appeal 167/2018 upheld the validity of the amalgamation scheme approved by NCLT Chennai and Mumbai, dismissing appeals challenging the scheme. The appellants' claims of lack of notice to shareholders and creditors were rejected, as they were found to have prior knowledge and consent regarding the scheme. Disputes over payments under the Share Purchase Agreement were deemed outside the scope of the appeals due to ongoing arbitration. Despite objections raised, the judgments emphasized the appellants' active participation in the process, leading to the rejection of both appeals. en-us Wed, 24 Oct 2018 00:00:00 +0530 Tue, 25 Dec 2018 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372036 The judgments in Company Appeal 30/2018 and Company Appeal 167/2018 upheld the validity of the amalgamation scheme approved by NCLT Chennai and Mumbai, dismissing appeals challenging the scheme. The appellants' claims of lack of notice to shareholders and creditors were rejected, as they were found to have prior knowledge and consent regarding the scheme. Disputes over payments under the Share Purchase Agreement were deemed outside the scope of the appeals due to ongoing arbitration. Despite objections raised, the judgments emphasized the appellants' active participation in the process, leading to the rejection of both appeals. Case-Laws Companies Law Wed, 24 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372036