In 63 Moons Technologies Ltd. Union of India and connected petitions , the Bombay High Court considered important questions of law going to the heart of Indian corporate law. The case involved a challenge to an order of the Central Government under s. Purporting to act under s. The constitutional validity of s. These grounds included the alleged failure of natural justice, the alleged lack of power to compulsorily amalgamate a loss making wholly owned subsidiary NSEL with its profit-making parent FTIL , considerations of public interest and proportionality etc.
Compulsory Amalgamation: the Bombay High Court on the FTIL-NSEL case
OKI case study – ABSA | ITWeb
At the time, each of the four banks had different platforms and used different technology. The challenge was to find a suitable solution that would unify all four banks and be sustainable for at least the first five years. With some of the banks not having teller printing facilities prior to the amalgamation, the solution also had to be user-friendly for staff acclimatising to new technology. The selected bank teller platform required a high-impact printer that would be able to accept multiple paper sizes for front feed and return. United Bank acquired Allied Bank in At the time, the new bank consisted of over branches across SA, employing 27 staff. In January , the bank started the acquisition of two more local banks, Volkskas and Trust Bank.
Merger and Acquisition in Banking Industry: A Case Study of ICICI Bank Ltd
Naresh Kumar Behera PM 0 comments. Introduction: In modern years, business houses combined with each other to obtain economics of large-scale production or to control prices and to avoid combination. Thus, the combination or merger may take the form of amalgamation or absorption.
Amalgamation is an arrangement or reconstruction. It is a legal process by which two or more companies are to be absorbed or blended with another. As a result, the amalgamating company loses its existence and its shareholders become shareholders of new company or the amalgamated company. In case of amalgamation a new company may came into existence or an old company may survive while amalgamating company may lose its existence. There may be amalgamation by transfer of one or more undertaking to a new company or transfer of one or more undertaking to an existing company.