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2012 (9) TMI 1035 - HC - Companies LawScheme of Amalgamation - Held that:- The shareholders have unanimously approved the Scheme and the aspect that it has been stated in the affidavit filed by Milestone Tradelinks Pvt. Ltd., the petitioner Transferee Company, that it shall make all necessary disclosures in its Financial Statements as enumerated under Section 211(3B) of the Act, after the Scheme is sanctioned by this Court, there does not appear to be any legally justifiable reason for withholding sanction to the Scheme. Considering the facts and circumstances of the case, it appears that the Scheme is in the interest of the Shareholders and Creditors of the respective Petitioner Companies. Accordingly, all the petitions are allowed and the Scheme is sanctioned.
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