MIHEER H. MAFATLAL vs MAFATLAL INDS. LTD

The Supreme Court upheld the decision of the Gujarat High Court, which sanctioned the amalgamation of Mafatlal Industries Limited (MIL) and Mafatlal Fabrics Limited (MFL) under Section 391(2) of the Companies Act, 1956. The Court confirmed that the scheme of amalgamation was in compliance with the statutory requirements and did not violate any legal provisions. The appeal against the High Court's dismissal was therefore dismissed, affirming the legality of the amalgamation process.