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PFIZER LABORATORIES LIMITED versus PARKE, DAVIS & COMPANY LIMITED


The approval scheme was approved for the approval of a combination of sections 284 and 287 companies and the majority of the members of the two companies were approved by the two members who were held separately under the auspices of the High Court Combining Scheme. Were done There was no allegation that the books of accounts were not trustworthy because of the various factors which had to be taken into account by the chartered accountants of the two companies, because the report of the chartered accountant should not be accepted. Misunderstandings were eliminated by the majority of the members or minorities and forced to accept the scheme of arrangements. The High Court accepted the proposed scheme of unity of the two companies.

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