Sesa Industries Ltd vs Krishna H. Bajaj & Ors

The Supreme Court addressed the appeals against the Bombay High Court's decision to set aside the amalgamation scheme between Sesa Industries Ltd. (SIL) and Sesa Goa Limited (SGL). The Court emphasized the importance of minority shareholders' rights and the need for transparency in corporate governance, particularly in light of findings under Section 209A of the Companies Act, 1956 regarding financial mismanagement and siphoning of funds. The Court ultimately held that the High Court's order was flawed and reinstated the approval for the amalgamation, ensuring that the interests of minority shareholders were adequately protected.