Supreme Court of India
Sesa Industries Ltd. v. Krishna H. Bajaj and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
What the Court ordered
For the foregoing reasons, the appeals are allowed; and the impugned judgment is set aside.
Judgment, page 36
From the headnote
Companies Act, 1956: ss.391 and 394 - Amalgamation of companies - c Amalgamation/merger scheme put up for sanction of Court - Obligation and jurisdiction of the Court - Held: The Court would not act as a court of appeal and sit in judgment over the informed view of the concerned parties to the scheme, as the same is best left to the corporate.and commercial wisdom of the parties concerned, yet the Court is not expected to put its sea/ of approval on the scheme merely because majority of the shareholders have voted in favour of the scheme - Before according its sanction to a scheme of
Authorities it was built on
Where later benches applied it
Of those, 1 referred to
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