Supreme Court · [1996] SUPP. 6 S.C.R. 1 · Decided 11 September 1996
Mjheer H. Mafatlal v. Mafatlal Industries LTD.
- Court
- Supreme Court of India
- Citation
- [1996] SUPP. 6 S.C.R. 1
- Case number
- No. 11879/1996
- Decided
- 11 September 1996
- Bench
- N.P. SINGH, S.B. MAJMUDAR
- 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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