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2009 (8) TMI 700 - HC - Companies LawScheme of Demerger - Held that:- As no adverse circumstances are brought to the notice of this Court, hence, subject to the observations made hereinabove, on the aspects of the alleged breach or any action as may be initiated in future, the present Scheme of Arrangement in the nature of demerger is sanctioned as per the provisions of Companies Act.
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