https://www.taxtmi.com/caselaws?id=459975 The HC sanctioned the scheme of amalgamation and arrangement among the involved companies, finding it legally valid. The court determined that statutory procedures under the Companies Act, 1956, were followed, and the scheme was approved by the requisite majority of shareholders. Objections from creditors and shareholders were deemed unsubstantiated, and the share exchange ratio was found fair and reasonable based on expert valuations. The court exercised its jurisdiction to dispense with meetings, finding no adverse effect on creditors, and concluded that the scheme was not contrary to public interest or policy. en-us Thu, 25 Jul 2013 00:00:00 +0530 Tue, 07 Jan 2025 15:02:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459975 The HC sanctioned the scheme of amalgamation and arrangement among the involved companies, finding it legally valid. The court determined that statutory procedures under the Companies Act, 1956, were followed, and the scheme was approved by the requisite majority of shareholders. Objections from creditors and shareholders were deemed unsubstantiated, and the share exchange ratio was found fair and reasonable based on expert valuations. The court exercised its jurisdiction to dispense with meetings, finding no adverse effect on creditors, and concluded that the scheme was not contrary to public interest or policy. Case-Laws Companies Law Thu, 25 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459975