https://www.taxtmi.com/caselaws?id=297776 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act 1956. The scheme involved the consolidation of shareholdings, finances, and management of transferor and transferee companies. Share exchange ratios were specified, and all necessary consents were obtained. After publication and responses, the court approved the scheme, directing compliance with statutory requirements. The transferee company assumed liabilities of transferor companies, and parties were not exempt from legal obligations. The petition was allowed, and parties were instructed to fulfill all obligations as per the court's order. en-us Fri, 26 Feb 2016 00:00:00 +0530 Wed, 22 Sep 2021 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297776 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act 1956. The scheme involved the consolidation of shareholdings, finances, and management of transferor and transferee companies. Share exchange ratios were specified, and all necessary consents were obtained. After publication and responses, the court approved the scheme, directing compliance with statutory requirements. The transferee company assumed liabilities of transferor companies, and parties were not exempt from legal obligations. The petition was allowed, and parties were instructed to fulfill all obligations as per the court's order. Case-Laws Companies Law Fri, 26 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297776