Supreme Court · 2011 INSC 103 · Decided 7 February 2011
Sesa Industries LTD. v. Krishna H. Bajaj and ORS.
- Court
- Supreme Court of India
- Citation
- 2011 INSC 103 · [2011] 3 S.C.R. 317
- Case number
- CIVIL APPEAL No. 1430/2011
- Decided
- 7 February 2011
- Bench
- D.K. JAIN, H.L. DATTU (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 209A
Headnote
Companies Act, 1956: A B ss.391 and 394 - Amalgamation of companies - c Amalgamation/merger scheme put up for sanction of Court - Obligation and jurisdiction of the Court - Held: The Court would not act as a court of appeal and sit in judgment over the informed view of the concerned parties to the to the corporate.and commercial wisdom D of the parties concerned, yet the Court is not expected to put its sea/ of approval on the scheme merely because majority of the shareholders have voted in favour of the scheme - Before according its sanction to a scheme of amalgamation, the Court has to
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