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2008 (8) TMI 571 - HIGH COURT OF MADRASAmalgamation - Held that:- The scheme states that there is no objectionable feature in the scheme of amalgamation which is detrimental either to the employees of the transferor company or of the transferee company. The said scheme is not violative of any statutory provisions. The scheme is fair, just, sound and is not against any public policy or public interest. No proceedings are pending under sections 231 to 237 of the Companies Act, 1956. All the statutory provisions are complied with. Consequently, there shall be an order approving to the scheme of amalgamation.
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