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2009 (6) TMI 580 - HIGH COURT OF BOMBAYAmalgamation scheme - Held that:- It is not possible to accept the grievance of the Intervenor that the Transferor company has made false and/or irresponsible statement as is contended. Accordingly, objection raised on behalf of the Intervenor company will have to be overruled. Since the Petitioners have complied with all the requirements as per the directions given by this Court and they have filed necessary affidavits of compliance in Court and that they have undertaken to comply with all statutory requirements, if any, as required under the Companies Act , 1956 and rules made therein, coupled with the fact that the Regional Director as well as the Official Liquidator has opined that the scheme is not prejudicial to the interest of creditors, shareholders and public and that no objection from any other quarter much less from the shareholders and creditors is forthcoming, both the Petitions ought to succeed.
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