HINDUSTAN LEVER EMPLOYEES' UNION vs HINDUSTAN LEVER

The Supreme Court upheld the merger of Hindustan Lever Limited and Tata Oil Mills Company Ltd. under the Companies Act, 1956, rejecting challenges based on alleged statutory violations and public interest concerns. The Court found no violation of Section 391(1)(a) and determined that the valuation of shares was conducted fairly by a reputable valuer using established methods. The Court also ruled that employee interests were adequately protected and dismissed claims regarding preferential allotment of shares as not illegal or prejudicial to public interest.