https://www.taxtmi.com/caselaws?id=459921 The HC sanctioned the Scheme of Amalgamation under Section 391 of the Companies Act, 1956, dismissing objections regarding valuation, fairness, and the swap ratio. The Court found the valuation process valid, conducted by reputable firms, and dismissed claims of unconscionability affecting minority shareholders. It held that the Scheme did not violate public policy or interest, and the voting process was properly conducted. Pending SFIO investigations did not impact the Scheme's legality. The Court emphasized the limited scope of judicial review in commercial matters, affirming the commercial wisdom of the majority shareholders. en-us Wed, 03 Apr 2013 00:00:00 +0530 Fri, 03 Jan 2025 20:22:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459921 The HC sanctioned the Scheme of Amalgamation under Section 391 of the Companies Act, 1956, dismissing objections regarding valuation, fairness, and the swap ratio. The Court found the valuation process valid, conducted by reputable firms, and dismissed claims of unconscionability affecting minority shareholders. It held that the Scheme did not violate public policy or interest, and the voting process was properly conducted. Pending SFIO investigations did not impact the Scheme's legality. The Court emphasized the limited scope of judicial review in commercial matters, affirming the commercial wisdom of the majority shareholders. Case-Laws Companies Law Wed, 03 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459921