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2015 (7) TMI 176 - HC - Companies LawApplication for scheme of Arrangement under sections 391 and 394 of the Companies Act, 1956 - Held that:- no objection has been received to the Scheme of Arrangement from any other party. Mr NPS Chawla, Advocate for the Petitioner Companies has filed an affidavit dated 11th March, 2013, confirming that he has not received any objection pursuant to citations published in the newspapers. - In view of the approval accorded by the Shareholders and Creditors of the Petitioner Companies; representation filed by the Regional Director, Northern Region, Ministry of Corporate Affairs, there appears to be no impediment to the grant of sanction to the Scheme of Arrangement. Consequently, sanction is hereby granted to the Scheme of Arrangement under sections 391 and 394 of the Companies Act, 1956. - Decided in favour of appellant.
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