TABLE OF CONTENTS Introduction; Chapter I. Whether it's a mechanical act for the court to sanction the Scheme?--4 A. Courts role in the approval of the Scheme; a) The UK position; b) The Indian position; B. Doctrine of "public interest" vis-a-vis the Scheme of Approval; Chapter II. Application for the sanction of the Scheme; A. Should the transferor and the transferee company make separate petitions? B. Notice to the Central government under Section 394A of the Act; Chapter III. Power and Role of the Court; A. High Court is not a Court of appeal; B. Courts role in ensuring dissemination and disclosure of Information; C. Approval of the Scheme- Scope of enquiry by the Court; D. Disclosure of material interest of directors; a) "Business judgment rule"; Chapter IV. Sanctioning of the Scheme; A. When the Scheme comes into force; B. Binding nature of the Sanctioned Scheme; C. Power of the Court to enforce or modify the Scheme; Chapter V. The Road ahead for Merger and Acquisition; A . Demerger- Summary of proceedings; Conclusion; Bibliography; Annexure I