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2009 (9) TMI 577 - HIGH COURT OF GUJARATAmalgamation - Held that:- As stated by the Official Liquidator in the reports, on the basis of the information and according to the explanations given, the affairs of the transferor-companies have not been conducted in the manner prejudicial to the interest of its members or the public interest.The present Scheme of Amalgamation at Annexure-C is sanctioned in accordance with the provisions of the Companies Act and the minutes of the meetings as mentioned in para 15 of Company Petition No. 74 of 2009 are approved, by granting permission to put today’s date. The petitions are allowed accordingly.
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