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2015 (10) TMI 601 - HC - Companies LawApproval of the Scheme of Amalgamation under Section 391 to 394 – Petitioner appeals for the sanction of the Scheme of Amalgamation – No objection has been received to the Scheme of Amalgamation from any party apart from the Regional Director who held that the Companies have not filed the due Balance Sheets – Petitioner undertakes to submit consolidated balance sheet – Held That:- Sanction was granted to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956 - Petitioner will comply with the statutory requirements along with the filing of the certified copies to the ROC within 30 days - Petitioner shall deposit cost of ₹ 50,000/- in the Common Pool Fund of the Official Liquidator – Decided in favour of the Petitioner.
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