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In Re : Mega Corporation Ltd.

Scheme of merger - commencing of meetings - discretion to the NCLT with regard to calling of meetings - Held that - When it is a question of merger and the provisions require and give discretion to the NCLT with regard to calling of meetings, it is a discretion to be exercised judiciously by NCLT. NCLT is duty bound to follow procedure laid down by law. The NCLT recorded reasons why it finds that calling of the meetings is necessary and we do not find that the reasons recorded are arbitrary. The....... + More



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