63 Moons Technologies Ltd (Formerly ... vs Union Of India

The Supreme Court addressed the interpretation of Section 396 of the Companies Act, 1956, concerning the compulsory amalgamation of companies in the public interest. The Court held that the Central Government has the authority to order amalgamation when it is essential for public interest, emphasizing the need for a thorough examination of the circumstances leading to such a decision. The judgment clarified the procedural requirements and the scope of the government's powers under the statute, ultimately upholding the government's decision to amalgamate the companies involved.