1987 (4) TMI 397 - HC - Companies Law

Summary

The High Court of Bombay ruled in favor of the petitioners in two amalgamation cases, rejecting opposition from the Regional Director, Company Law Board. The court held that the exemption under section 23(3) of the Monopolies and Restrictive Trade Practices Act applied to the companies, allowing the amalgamation. Petition No. 405 of 1986 and Petition No. 406 of 1986 were both granted, with costs awarded to the Regional Director and official liquidator.