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Search Results for "amalgamation scheme"

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Supreme Court

Supreme Court Allows Appeal Against DDA's Demand for Unearned Increase in Amalgamation Case. Amalgamation of Companies Under Court Order Does Not Amount to 'Transfer' Under Lease Deed Clause II(4)(a).

17 Apr 2024

The appellant, M/s. Jaiprakash Industries Ltd. (now M/s. Jaiprakash Associates Ltd.), was the transferee company resulting from the amalgamation of M/...

High Court

Bombay High Court Sanctions Scheme of Arrangement for Demerger and Restructuring of Nocil Under Sections 391-394 of Companies Act, 1956. Court Approves Demerger of Petrochemicals and Polymer Division and Plastic Products Division into Two Separate Companies, Subject to Conditions Including Employee Protection and Compliance with Accounting Standards.

8 Jun 2005

The Bombay High Court considered three company petitions filed under sections 391 to 394 of the Companies Act, 1956, by National Organic Chemical Indu...

High Court

Bombay High Court Considers Appeal Against Tribunal's Order Requiring Section 72A Approval for Amalgamated Company's Depreciation Claim. The Court Examines Whether Written Down Value of Assets Can Be Adjusted by Adding Unabsorbed Depreciation Without Central Government Approval.

9 Apr 2025

This appeal under Section 260A of the Income Tax Act, 1961 arose from the order of the Income Tax Appellate Tribunal, Mumbai, concerning assessment ye...

High Court

Bombay High Court Allows Continuation of Arbitration Proceedings After Amalgamation of Multi-State Cooperative Society into Non-Cooperative Entity. The court held that Section 29A of the Arbitration and Conciliation Act, 1996 does not apply to arbitrations under the Multi-State Co-operative Societies Act, 2002, and that arbitration proceedings survive amalgamation.

20 Mar 2024

The judgment concerns two writ petitions filed by Emerald Realtors Pvt. Ltd. and Dewan Realtors Pvt. Ltd. challenging the continuation of arbitration ...

High Court

Bombay High Court Adjudicates Petitions Challenging RBI and Central Government Actions Under Banking Regulation Act, 1949; Interim Stay Granted Against Amalgamation. Court Finds Prima Facie Haste and Lack of Propriety in Decision-Making Process Leading to Status Quo Ante Restoration.

5 Apr 2006

The matter involved two writ petitions before the Bombay High Court challenging actions taken by the Reserve Bank of India (RBI) and the Central Gover...

High Court

Bombay High Court Hears SEBI's Application to Recall Sanction of Composite Scheme in Fertilizers Merger Case. Securities Regulator Alleges Material Non-Disclosure and Accounting Violations in Scheme Involving Listed and Unlisted Companies Under Companies Act, 1956.

10 Sep 2015

The Securities and Exchange Board of India (SEBI) filed applications on 21.02.2013 seeking recall of orders of the Bombay High Court dated 17.06.2011 ...

High Court

Bombay High Court Recalls Sanction of Demerger Scheme Due to Non-Compliance with Stamp Duty Condition. The court held that failure to pay stamp duty on the order within the prescribed period renders the order liable to be recalled under inherent powers.

14 Aug 2012

The applicants, Unique Delta Force Security Private Ltd. (Resulting Company) and Sumeet Facilities Pvt. Ltd. (Demerged Company), filed applications se...

High Court

Bombay High Court Allows Writ Petition in Stamp Duty Dispute on Amalgamation Scheme — Reduction of Share Capital Prior to Merger Must Be Considered for Valuation. Court holds that stamp duty under Article 25(da) of Maharashtra Stamp Act, 1958 is payable on the market value of shares as on appointed date, which includes the reduced share capital sanctioned by High Court.

25 Sep 2024

The petitioner, J. P. Morgan Securities India Pvt. Ltd., filed a writ petition challenging the rejection of its appeal under Section 53(1A) of the Mah...

High Court

Bombay High Court Delivers Oral Judgment on Sanction of Scheme of Arrangement Amid BIFR Pendency. Maintainability Under Sections 391 and 394 of Companies Act, 1956 Against Overriding Effect of Sick Industrial Companies (Special Provisions) Act, 1985 Considered.

8 Nov 2006

The petitioner, Ashok Organics Industries Ltd., incorporated in 1973, filed a petition under Sections 391 and 394 of the Companies Act, 1956, seeking ...

High Court

Bombay High Court Sanctions Reduction of Equity Share Capital of Organon (India) Limited — Scheme Approved Despite Objection Regarding Valuation and Fairness. Court held that the reduction was fair and reasonable, and the objection regarding valuation was not sustainable as the price was based on SEBI delisting guidelines and accepted by majority shareholders.

7 Jun 2010

The judgment concerns a Company Scheme Petition filed by Organon (India) Limited seeking sanction and confirmation of a special resolution passed by i...

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