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2015 (12) TMI 1723 - HC - Companies LawScheme of Amalgamation - Held that:- Considering the entire facts and circumstances of the case and on perusal of the Scheme and the proceedings, it appears that the requirements of the provisions of sections 391 to 394 of the Companies Act, 1956 are satisfied. The Scheme appears to be genuine and bonafide and in the interest of the shareholders and creditors. This Court, therefore, accordingly allows the Company Petitions and approves the Scheme. The Scheme is sanctioned. The prayers made in the respective Company Petitions are hereby granted. The petitions are allowed accordingly. Fees of Mr. Devang Vyas are quantified at ₹ 7,500/in each of the petitions. The said fees would be paid by the Transferee Company. The fees of the Official Liquidator are quantified at ₹ 7500/in respect of Company Petition No. 392 of 2015. The said fees to the Official Liquidator shall be paid by the Transferee Company/ Transferor Company. Filing and issuance of drawn up orders are dispensed with. All concerned authorities to act on a copy of this order along with the Scheme duly authenticated by the Registrar, High Court, Gujarat. The Registrar, High Court of Gujarat shall issue the authenticated copy of this order alongwith Scheme within 15 days of passing of this order.
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