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2010 (8) TMI 164 - HC - Companies LawScheme of amalgamation - Held that:- A perusal of the scheme shows that it contains no objectionable feature detrimental to the interest of the employees of the transferor company or of the transferee company. The said scheme is not violative of any statutory provisions. The scheme is fair, just, sound and is not against any public policy or public interest. No proceedings are pending under sections 231 to 237 of the Companies Act, 1956. All the statutory provisions are complied with. There shall be an order approving the scheme of amalgamation of the transferor company, Laurel Aromatics (P.) Ltd., with the transferee company, Contract Point Impex (India) (P.) Ltd., as provided in annexures 5 and 4 in the respective company petitions, with effect from April 1, 2009, as the procedure laid down under sections 391 and 394 of the Companies Act, 1956, is duly complied with. These petitions are allowed. Taking note of the report by the chartered accountant as enclosed by the official liquidator, in terms of the order passed by this court, the transferor company shall stand dissolved without winding up.
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