Supreme Court · 1996 INSC 1039 · Decided 11 September 1996
M/S. Gujarat Machinery Manufacturers LTD. v. Collector, Central Excise, BARODA.
- Court
- Supreme Court of India
- Citation
- 1996 INSC 1039 · [1996] SUPP. 6 S.C.R. 106
- Case number
- DIARYNO AND DIARYYR No. 68463/1984
- Decided
- 11 September 1996
- Bench
- S.P. BHARUCHA, K. VENKATASWAMI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Acts & sections cited
- Companies Act Section 391to393, 391
Headnote
Company Law : Companies Act, 1956: Sections 391 to 393. Amalgamation-Scheme of-Sanction-Granting of-Factors to be considered-By Company Court-Jurisdiction of-Broad contours laid down--Creditors or. members must anive at inf onned decision based on relevant material for approving schemc:-Scheme as A B c D Amalgamation-Scheme of-Approved by majority shareholde1"j~ Sanction of-By Company Cowt-Alleged bona fide action of maj01ity shareholders or supression by the minority shareholders-Consideration for-Held : Bona fides of majolity shareholde1"j' acting as group to be ex­
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