Home Case Index All Cases Companies Law Companies Law + HC Companies Law - 2010 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (6) TMI 332 - HC - Companies LawScheme of arrangement - Held that:- There is nothing to indicate that there has been an adverse change in the financial position of the company which would warrant the scheme being rejected. Further the audited standalone financial results for the year ended 31-3-2010 were in fact tendered in Court and to Mr. Lakhani also. The same are marked "X". They were also published in the newspapers. In the circumstances, the company petition is made absolute in terms of prayers (a) and ( b). The Petitioner is granted liberty to present the minutes of reduction of the securities premium account. The company shall pay the costs of the Regional Director fixed at ₹ 10,000 to be paid within six weeks from today.
|