MESSRS SHAKARGANJ MILLS LIMITED AND ANOTHER versus CRESCENT UJALA LIMITED
Sections 284 and 289 were approved by the court scheme of merger with the merger or merger of the two companies at a general meeting chaired by the Court Observer. The acquisition holdings of a company cannot, under the circumstances, be denied the right to reject the scheme or to suggest an alternative method, so that the Principal High Court, which owns a small shareholder, approved the alliance accordingly.
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