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2016 (6) TMI 60 - PUNJAB AND HARYANA HIGH COURTSanction of the Scheme of Arrangement of demerger - Held that:- The procedural requirements contemplated under Sections 391 & 394 of the Act, the relevant Rules and on due consideration of the report of the Regional Director, Northern Region, Ministry of Corporate Affairs, New Delhi, the Scheme of Arrangement is hereby sanctioned and as a result thereof, the assets and liabilities of the “KPO Business” of Quatrro Global Services Private Limited (Petitioner Company No.1) shall stand vested in the Scope e-Knowledge Solutions Private Limited (Petitioner Company No.II). The Scheme shall be binding on the Quatrro Global Services Private Limited (Petitioner Company No.1) and Scope e-Knowledge Solutions Private Limited (Petitioner Company No.II), their respective Equity Shareholders, Creditors and all concerned. Let formal order of sanction of the Scheme be drawn in accordance with law and its certified copy be filed with the Registrar of Companies within 30 days from the date of receipt of the same. A notice of the order be published in the newspapers, namely, “Financial Express” (English), “Jansatta” (Hindi) both Delhi/NCR Edition and in the Official Gazette of Government of Haryana.
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