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Bank Of India Ltd. vs Ahmedabad Manufacturing & Calico ... on 1 September, 1971

(h) The present case is squarely covered by the said decision and both conditions are satisfied. The Scheme does not involve a re-organization of the share capital of the Transferee Company, which will remain unaltered post the Scheme. The Scheme also does not affect the rights of the members or creditors of the Transferee Company (or any class of them) as between themselves and the Company. This will be clear from what is stated hereafter.
Bombay High Court Cites 19 - Cited by 31 - Full Document
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