This document summarizes a court case regarding a petition seeking approval of a scheme of amalgamation between Tech Pacific (India) Ltd and Ingra Micro India Pvt Ltd. An objection was raised by an unsecured creditor, Samsung India Electronics Pvt Ltd, arguing the latest financial position was not provided. The court heard arguments from both sides and considered whether the mandate of Section 391(2) of the Companies Act, which requires the latest financials, was complied with. The court reserved its judgment on whether the scheme of amalgamation would be approved or not approved pending review of the latest unaudited financial statements.
This document summarizes a court case regarding a petition seeking approval of a scheme of amalgamation between Tech Pacific (India) Ltd and Ingra Micro India Pvt Ltd. An objection was raised by an unsecured creditor, Samsung India Electronics Pvt Ltd, arguing the latest financial position was not provided. The court heard arguments from both sides and considered whether the mandate of Section 391(2) of the Companies Act, which requires the latest financials, was complied with. The court reserved its judgment on whether the scheme of amalgamation would be approved or not approved pending review of the latest unaudited financial statements.
This document summarizes a court case regarding a petition seeking approval of a scheme of amalgamation between Tech Pacific (India) Ltd and Ingra Micro India Pvt Ltd. An objection was raised by an unsecured creditor, Samsung India Electronics Pvt Ltd, arguing the latest financial position was not provided. The court heard arguments from both sides and considered whether the mandate of Section 391(2) of the Companies Act, which requires the latest financials, was complied with. The court reserved its judgment on whether the scheme of amalgamation would be approved or not approved pending review of the latest unaudited financial statements.
This document summarizes a court case regarding a petition seeking approval of a scheme of amalgamation between Tech Pacific (India) Ltd and Ingra Micro India Pvt Ltd. An objection was raised by an unsecured creditor, Samsung India Electronics Pvt Ltd, arguing the latest financial position was not provided. The court heard arguments from both sides and considered whether the mandate of Section 391(2) of the Companies Act, which requires the latest financials, was complied with. The court reserved its judgment on whether the scheme of amalgamation would be approved or not approved pending review of the latest unaudited financial statements.