https://www.taxtmi.com/caselaws?id=459282 The Gujarat HC sanctioned a scheme of amalgamation under Sections 391-394 of the Companies Act, 1956. The court held that the amalgamation scheme was in the interest of shareholders, creditors, and the public. The petition seeking approval for the scheme was allowed. Additionally, the court approved the reduction of share capital as proposed in the petition, including the minute dealing with such reduction. The petition was disposed of with the scheme receiving judicial sanction. en-us Tue, 18 Mar 2014 00:00:00 +0530 Fri, 06 Dec 2024 19:09:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459282 The Gujarat HC sanctioned a scheme of amalgamation under Sections 391-394 of the Companies Act, 1956. The court held that the amalgamation scheme was in the interest of shareholders, creditors, and the public. The petition seeking approval for the scheme was allowed. Additionally, the court approved the reduction of share capital as proposed in the petition, including the minute dealing with such reduction. The petition was disposed of with the scheme receiving judicial sanction. Case-Laws Companies Law Tue, 18 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459282