https://www.taxtmi.com/caselaws?id=444099 The Tribunal dismissed the appeals, determining that the Appellants lacked the locus standi to challenge the Impugned Order due to insufficient shareholding and debt interest. It upheld the valuation method and swap ratio of 15:1 as fair and approved by the majority of shareholders. The Tribunal confirmed compliance with the appointed date as per MCA Circular No. 09/2019 and found no violation of Section 230 of the Companies Act, 2013. The scheme of amalgamation was deemed fair, reasonable, and compliant with legal provisions, leading to the dismissal of the appeals as meritless. en-us Thu, 05 Oct 2023 00:00:00 +0530 Mon, 09 Oct 2023 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444099 The Tribunal dismissed the appeals, determining that the Appellants lacked the locus standi to challenge the Impugned Order due to insufficient shareholding and debt interest. It upheld the valuation method and swap ratio of 15:1 as fair and approved by the majority of shareholders. The Tribunal confirmed compliance with the appointed date as per MCA Circular No. 09/2019 and found no violation of Section 230 of the Companies Act, 2013. The scheme of amalgamation was deemed fair, reasonable, and compliant with legal provisions, leading to the dismissal of the appeals as meritless. Case-Laws Law of Competition Thu, 05 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444099