Case Law Details
The Supreme Court has, on facts of the case, upheld the decision of Madras High Court that from the scheme of amalgamation becoming effective, proceedings in which the transferor company was a party be continued and enforced by or against the transferee company in the same manner and to the same extent as it could be or might have been continued and enforced by or against the transferor company as if the scheme had not been made. In other words, when a transferor company stands dissolved (with or without winding up) due to amalgamation, its right under the decree for eviction devolves on the transferee company.
Speed line Agencies Vs. T Stanes & Co. Ltd [2010] 160 Comp Cas 33 (SC)- Supreme Court
_____JUDGMENT_______
P. Sathasivam, J.
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