Home Case Index All Cases Companies Law Companies Law + HC Companies Law - 2009 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (11) TMI 509 - HIGH COURT OF MADHYA PRADESHAmalgamation scheme - Held that:- Allow this petition and grant sanction to the proposed scheme of arrangement/amalgamation as prayed, however, with a modification to the extent that the appointed date for amalgamation will be 1-1-2010 in place of 1-4-2009. The sanction to the scheme of amalgamation shall not anyway dispense with the requirement of execution of any instrument necessary for vesting of property and the rights of the transferor and transferee-companies. Shri Vijayesh Atre, learned counsel appearing for the Companies has stated that the transferor-company is ready, willing and is agreed to pay as sum of ₹ 30,000 by demand draft to the “Common Pool Fund” maintained by the Official Liquidator attached to this Court. He submits that the same shall be paid within four weeks. The costs of ₹ 5,000 be paid to the Regional Director within four weeks. A separate order as required under rules 81 and 84 in Form Nos. 41 and 42 is, accordingly, passed.
|