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    <title>Appeals dismissed; matter remitted for fresh sanction under Sections 391-394 with re-evaluation and expedited proceedings</title>
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    <description>The HC dismissed the appeals and remitted the matter to the learned Company Judge for fresh determination of sanction under Sections 391-394 of the Companies Act. The Court recorded a factual dispute raised by an anonymized objector alleging non-receipt of notice and denial of opportunity of hearing, which the transferor company controverted on register/address grounds. As both parties agreed that consequential directions for re-evaluation of the share-exchange ratio were unnecessary, the HC directed the Company Judge to conclude the proceedings expeditiously, uninfluenced by prior interim directions, with liberty to re-evaluate the scheme, call for company and Registrar records if required, and grant or refuse sanction with or without modifications.</description>
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    <pubDate>Wed, 05 Nov 2025 08:35:14 +0530</pubDate>
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      <title>Appeals dismissed; matter remitted for fresh sanction under Sections 391-394 with re-evaluation and expedited proceedings</title>
      <link>https://www.taxtmi.com/highlights?id=93880</link>
      <description>The HC dismissed the appeals and remitted the matter to the learned Company Judge for fresh determination of sanction under Sections 391-394 of the Companies Act. The Court recorded a factual dispute raised by an anonymized objector alleging non-receipt of notice and denial of opportunity of hearing, which the transferor company controverted on register/address grounds. As both parties agreed that consequential directions for re-evaluation of the share-exchange ratio were unnecessary, the HC directed the Company Judge to conclude the proceedings expeditiously, uninfluenced by prior interim directions, with liberty to re-evaluate the scheme, call for company and Registrar records if required, and grant or refuse sanction with or without modifications.</description>
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