https://www.taxtmi.com/caselaws?id=463279 A challenge to the amalgamation of Bank of Rajasthan with ICICI Bank turned on whether the scheme was vitiated for want of a general body meeting of shareholders under Section 44A of the Banking Regulation Act, 1949. The objection was that RBI approved the scheme without verifying compliance with the shareholder meeting requirement. The material before the Court showed, however, that the scheme had been passed by the required majority at an extraordinary general meeting, as reflected in the communication produced. On that basis, the alleged procedural defect was not established, and the challenge to the amalgamation approval failed. en-us Mon, 13 Sep 2010 00:00:00 +0530 Thu, 21 Aug 2025 12:53:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463279 A challenge to the amalgamation of Bank of Rajasthan with ICICI Bank turned on whether the scheme was vitiated for want of a general body meeting of shareholders under Section 44A of the Banking Regulation Act, 1949. The objection was that RBI approved the scheme without verifying compliance with the shareholder meeting requirement. The material before the Court showed, however, that the scheme had been passed by the required majority at an extraordinary general meeting, as reflected in the communication produced. On that basis, the alleged procedural defect was not established, and the challenge to the amalgamation approval failed. Case-Laws Indian Laws Mon, 13 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463279