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KOHINOOR RAIWIND MILLS LTD. versus INTRA-COURT APPEAL NO. 14/L OF 2002, DECIDED ON .1ST AUGUST, 2002.

Ordinance 1984 sections 284, 287 and 10 of the Companies Scheme proposed for the merger of the Appellant Companies (namely, KRM, KGM and KTM), under which KRM and KGM were incorporated into KTM. I was about to dissolve the merger, the company judge accepted objections to the exchange ratio. ) Refused to approve the shares of these companies and the scheme with the observation that the scheme was clearly defective and that the work was done seriously for the loss of the shareholders and the scheme was made on record. At the time of filing, there was unfair and gross injustice with the minority shareholders of KRM Appellants. Appellants did not discuss the appeal in favor of the reversal of the unwanted verdict, no arguments were made against the recorded facts, observations and principles were adopted in the disregarded decision and Nor was there compelling reason to adopt a different point of view. Appellants conceded approval of the appeal on the basis of the High Court on the basis of the amended exchange ratio of the entries. Granted, the entry court's appeal was dismissed in the circumstances. best law firm from Hayatabad lawyer