1987 (4) TMI 396 - HC - Companies Law

Summary

The High Court of Punjab and Haryana approved a scheme of amalgamation under section 394 of the Companies Act, 1956, involving Hindustan Instruments Limited and other companies. The official liquidator raised objections regarding the exchange ratio of shares, but the court found the scheme not prejudicial to public or shareholder interests. The petition was allowed, and the sanction was granted. (Case citation: 1987 (4) TMI 396 - High Court of Punjab and Haryana)