https://www.taxtmi.com/caselaws?id=23292 The court sanctioned the scheme of amalgamation between Indo Continental Hotels and Resorts Ltd. (transferee-company) and Hotel Pink City Pvt. Ltd. (transferor-company) under Sections 391 and 394 of the Companies Act, 1956. The scheme, aimed at consolidating resources and improving financial stability, was approved by shareholders and creditors with a modified share exchange ratio. The court found the scheme fair, reasonable, and in the public interest, emphasizing legitimate tax planning within the law. The judgment highlighted compliance with statutory requirements and the positive impact on members, creditors, and the public, effective from April 1, 1987. en-us Fri, 20 Apr 1990 00:00:00 +0530 Fri, 18 Dec 2009 11:37:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23292 The court sanctioned the scheme of amalgamation between Indo Continental Hotels and Resorts Ltd. (transferee-company) and Hotel Pink City Pvt. Ltd. (transferor-company) under Sections 391 and 394 of the Companies Act, 1956. The scheme, aimed at consolidating resources and improving financial stability, was approved by shareholders and creditors with a modified share exchange ratio. The court found the scheme fair, reasonable, and in the public interest, emphasizing legitimate tax planning within the law. The judgment highlighted compliance with statutory requirements and the positive impact on members, creditors, and the public, effective from April 1, 1987. Case-Laws Income Tax Fri, 20 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23292