https://www.taxtmi.com/caselaws?id=459355 The Gujarat HC sanctioned a scheme of amalgamation under sections 391-394 of the Companies Act, 1956. The court found the arrangement to be in the interest of the companies, their members, and creditors. The petition was disposed of with the specific observation that sanctioning the scheme would not absolve any party from existing responsibilities or liabilities. The court determined the proposed amalgamation scheme was appropriate and deserved approval. en-us Wed, 16 Apr 2014 00:00:00 +0530 Tue, 10 Dec 2024 19:00:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459355 The Gujarat HC sanctioned a scheme of amalgamation under sections 391-394 of the Companies Act, 1956. The court found the arrangement to be in the interest of the companies, their members, and creditors. The petition was disposed of with the specific observation that sanctioning the scheme would not absolve any party from existing responsibilities or liabilities. The court determined the proposed amalgamation scheme was appropriate and deserved approval. Case-Laws Companies Law Wed, 16 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459355