https://www.taxtmi.com/caselaws?id=303903 The court held that the Employees Union had locus standi to object to the Scheme of Amalgamation if prejudicial to their interests. The court found the Scheme adequately addressed service conditions, pay parity, and benefits. It concluded that the Scheme was not prejudicial to employees, not against public policy, and complied with statutory procedures. The objections were overruled, and the Scheme was sanctioned. Company Petition No. 147 of 2006 and No. 148 of 2006 were allowed, while Company Applications No. 572 of 2006 and 573 of 2006 were dismissed. Costs were quantified at Rs. 3500 per petition. en-us Tue, 09 Jan 2007 00:00:00 +0530 Wed, 24 Aug 2022 10:40:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303903 The court held that the Employees Union had locus standi to object to the Scheme of Amalgamation if prejudicial to their interests. The court found the Scheme adequately addressed service conditions, pay parity, and benefits. It concluded that the Scheme was not prejudicial to employees, not against public policy, and complied with statutory procedures. The objections were overruled, and the Scheme was sanctioned. Company Petition No. 147 of 2006 and No. 148 of 2006 were allowed, while Company Applications No. 572 of 2006 and 573 of 2006 were dismissed. Costs were quantified at Rs. 3500 per petition. Case-Laws Companies Law Tue, 09 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303903