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2012 (12) TMI 799 - DELHI HIGH COURTScheme of Arrangement - Held that:- The requirement of convening meetings of Equity Shareholders, Secured and Unsecured Creditors of the Petitioner Companies is dispensed with - Affidavit of service and publication of notice has been filed by the petitioners showing compliance regarding service of the petition on the Regional Director, Northern Region and the Official Liquidator. Report of Official liquidator that he has not received any complaint against the proposed Scheme from any person/ party interested in the Scheme - approval accorded by the Shareholders and Creditors of the petitioner Companies, representations/ reports filed by the Regional Director, Northern Region and the official liquidator to the proposed scheme of Arrangement, there appears to be no impediment to the grant of sanction to the Scheme of Arrangement - The petitioner companies will comply with the statutory requirements in accordance with law with filing certified copy of the formal order with the ROC within 30 days - this order will not be construed as an order granting exemption from payment of stamp duty or any other charges - Petitioner Companies would voluntarily deposit a sum of Rs. 1 Lac in the Common Pool fund of the Official Liquidator within three weeks from today.
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