Gujarat Court November 1994 Judgments
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In Re: Mafatlal Industries Ltd.
Court: Gujarat
Decided on: Nov-14-1994
Reported in: [1995]84CompCas230(Guj)
S.D. Shah, J.1. Mafatlal Industries Limited (hereinafter referred to as 'MIL' for brevity) is the transferee company, which has moved this petition for sanction of this court to the scheme of amalgamation of Mafatlal Fine Spinning and . (hereinafter referred to as 'MFL' for brevity), the transferor company under section 391(2) of the Companies Act, 1956. * * * * 2. The transferor company, MFL, is proposed to be amalgamated with the petitioner company under the following circumstances and for the following reasons : (1) The proposed amalgamation will pave the way for better, more efficient and economic control in the running of operations. (2) Economies in administrative and management costs will improve in combined profitability. (3) The amalgamated company will have the benefit of the combined reserves, manufacturing assets, manpower and cash flows of the two companies. The combined technological, managerial and financial resources are expected to enhance the capability of the amalg...
Bhavnath Group Gram Panchayat and anr. Vs. State of Gujarat and ors.
Court: Gujarat
Decided on: Nov-14-1994
Reported in: (1995)1GLR800
R.K. Abichandani, J.1. The petitioner No. 1 Gram Panchayat and its Deputy Sarpanch who is petitioner No. 2 have prayed for a direction on the respondent State and its officials to vest the areas in question including the Bhavnath area admeasuring 57 acres in the petitioner-Panchayat.2. Petitioner No. 1 is a Group Gram Panchayat constituted under the provisions of the Gujarat Panchayats Act, 1961 (hereinafter referred to as 'the said Act'). It appears that in exercise of the powers delegated to the Development Commissioner by the Government Notification dated 13th June 1963 read with Government Notification dated 5th May, 1964 the Development Commissioner issued Notification dated 5th August, 1976 declaring as a new Gram the local area shown in column 3 of the Schedule to that Notification which is referred to by both the sides from the judgment delivered by this Court on 25/16-6-1986 in Special Civil Application No. 1818 of 1979 by the Hon'ble Mr. Justice A.M. Ahmadi (as he then was) a...
Shree Anadi Mukta Sadguru Muktajivandasji Swaminarayan Trust Vs. Munic ...
Court: Gujarat
Decided on: Nov-14-1994
Reported in: (1995)1GLR816
B.N. Kirpal, C.J.1. In this Appeal, the challenge is to the rateable value which has been fixed by the Ahmedabad Municipal Corporation and upheld by the Judge, Small Causes Court, Ahmedabad.2. The appellant is the owner of the premises, which are non-residential, and which have been given on rent to its subsidiary trust, wherein a college, known as 'Swaminarayan Arts and Science College, is being run in the City of Ahmedabad. Before the Municipal authorities, the contention of the appellant was that it was charging rent at Rs. 1,116/- per month for one part of the premises and Rs. 2,232/- for the second part of the premises. According to the appellant, the rateable value had to be fixed on the basis of the total rent of Rs. 3,348/- plus municipal taxes.3. The Corporation had proposed rateable value of Rs. 1,54,700/-. The appellant had contended before the Municipal authorities that the annual letting value of the property could not exceed the annual amount of standard rent. In this con...
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