https://www.taxtmi.com/caselaws?id=467961 The Bombay HC sanctioned the scheme of amalgamation under Sections 391 to 394 of the Companies Act, 1956 after finding that the requisite corporate approvals were obtained and compliance affidavits were filed. Limited objections by the Regional Director on tax treatment and future modification were met by undertakings that tax consequences would be dealt with according to law and that no modification would be made without leave of the Court. The Official Liquidator reported proper conduct of the transferor company's affairs, and the lone unsecured creditor's objection did not displace the scheme. The Court found the scheme fair, reasonable, lawful, and not prejudicial to shareholders, creditors, or public interest. en-us Fri, 27 Jun 2014 00:00:00 +0530 Fri, 10 Apr 2026 16:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467961 The Bombay HC sanctioned the scheme of amalgamation under Sections 391 to 394 of the Companies Act, 1956 after finding that the requisite corporate approvals were obtained and compliance affidavits were filed. Limited objections by the Regional Director on tax treatment and future modification were met by undertakings that tax consequences would be dealt with according to law and that no modification would be made without leave of the Court. The Official Liquidator reported proper conduct of the transferor company's affairs, and the lone unsecured creditor's objection did not displace the scheme. The Court found the scheme fair, reasonable, lawful, and not prejudicial to shareholders, creditors, or public interest. Case-Laws Companies Law Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467961