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2010 (3) TMI 682 - HIGH COURT OF KARNATAKAScheme of arrangement sanction seeked - Held that:- Keeping in mind the law laid down by the Supreme Court in Miheer H. Mafatlal v. Mafatlal Industries Ltd. [1996 (9) TMI 488 - SUPREME COURT OF INDIA] and Reliance Communications Ltd., In re [2009 (7) TMI 767 - HIGH COURT OF BOMBAY] the scheme of arrangement—annexure A proposed by the petitioner-company is hereby sanctioned subject to the modification as per the undertaking of the petitioner-company in their affidavits dated February 22, 2010 and February 25, 2010, with effect from today and the same is binding on the petitioner-company and its shareholders. The petitioner-company is directed to serve a copy of this order on the Registrar of Companies, State of Karnataka, within 30 days from the date of receipt of copy of this order.
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