1979 (8) TMI 133 - HC - Companies Law

Summary

The court held that a common petition by two companies for amalgamation is not maintainable under section 391 of the Companies Act. Two separate petitions must be filed by the transferee and transferor companies. The court emphasized the need for distinct entities to take out notice to the Central Government. The decision was based on the requirement for reports on each company's affairs before amalgamation. The office objection was upheld, and the applicants were directed to file two separate applications for amalgamation.