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ALLAHABAD HIGH COURT
Yatindra Singh, Ran Vijay Singh, JJ
Hero Motors Ltd. (M/s.) v. State of U.P. and Others
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| 1. sanctioned schemes of arrangement can involve the court's approval for amalgamation or demerger processes. (Para 2 , 4 , 5) |
| 2. disagreement on whether a scheme of arrangement falls under specific clauses of the stamp act. (Para 3 , 28) |
| 3. a scheme of arrangement involves comprehensive property considerations, integrating both assets and liabilities. (Para 6 , 25) |
| 4. transfer under a scheme ought not to be construed merely as asset separation but as an integrated whole. (Para 18 , 19 , 20) |
| 5. final decision favored the view of including schemes under applicable stamp act provisions. (Para 29) |
1. Heard S / Sri A. M. Singhwi, T.P. Singh, Rakesh Dwivedi, Senior Advocates and S / Sri Manish Goyel, S.D. Singh, Ritvik Upadhyay, V.K. Upadhyay, Vishal Kakkar, Shahid Rizvi, Rakesh Ranjan, Tripathi B.G. Bhai Advocates for the petitioner and Sri Sanjay Goswami, learned Standing Counsel for the respondents.
2. On a difference of opinion between brother Yatindra Singh, J., and brother Ran Vijay Singh, J., in six connected writ petitions M/s. Hero Motors Ltd; Dhampur Sugar Mills Ltd; M/s. Amar Ujala Publications Ltd; M/s. Telesia Trading and Finance Ltd; M/s. Prudential Merchants and
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