https://www.taxtmi.com/caselaws?id=293309 The court initially found material defects in the scheme of arrangement for amalgamation due to improper asset valuation and inadequate shareholder representation. Following a reconvened meeting with unanimous approval and accepted valuation, the court sanctioned the scheme. This resulted in the transfer of assets and liabilities to the transferee company, dissolving the transferor company without winding up. Shareholders were appropriately allotted shares, ensuring the scheme's effective implementation and balancing stakeholders' interests. en-us Fri, 09 Aug 1957 00:00:00 +0530 Thu, 04 Feb 2021 13:09:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293309 The court initially found material defects in the scheme of arrangement for amalgamation due to improper asset valuation and inadequate shareholder representation. Following a reconvened meeting with unanimous approval and accepted valuation, the court sanctioned the scheme. This resulted in the transfer of assets and liabilities to the transferee company, dissolving the transferor company without winding up. Shareholders were appropriately allotted shares, ensuring the scheme's effective implementation and balancing stakeholders' interests. Case-Laws Companies Law Fri, 09 Aug 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293309