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2012 (8) TMI 502 - HIGH COURT OF KARNATAKAAmalgamation - Scheme of arrangement – held that:- the scheme of arrangement being fair and reasonable and all statutory provisions have been complied with and it is not adverse to public policy, and pursuant to the order passed by this court, public notice has been taken out by the petitioners in the newspapers and none have appeared to oppose the scheme of amalgamation, the same is required to be approved. The official liquidator has also filed a report stating that the transferor companies have not conducted their business prejudicial to the interest of its shareholders or public at large. – Amalgamation approved.
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