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2009 (5) TMI 538 - HIGH COURT OF MADHYA PRADESHScheme of Amalgamation and Arrangement - Held that:- No objection is raised by the Regional Director with regard to affairs of the petitioner’s company. It is also seen from the records that no proceedings are pending under sections 235 to 251 of the Act either against the Companies and no individual has objected to sanction of this Scheme in spite of notice issued by wide publication in three newspapers. That being so, it seems that there is no impediment or objection in the matter of approving the Scheme. On due consideration of the reports and other material available on record, this Court is of the view that the Scheme cannot be termed as unfair or unjust, warranting any interference. Thus scheme accordingly, sanctioned.
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