Summary
- NCLT Chennai has sanctioned the amalgamation of Dr. Agarwal's hospital with a 23-for-2 share exchange.
- The ruling emphasizes that the merger does not extinguish tax recovery rights or statutory liabilities.
- This decision clarifies the legal standing of tax obligations post-merger, ensuring they remain enforceable.
- Stakeholders must now navigate these preserved liabilities in light of the merger's approval.
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