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2016 (2) TMI 279 - HC - Companies LawScheme of Amalgamation - Held that:- Taking into account the contentions raised in the affidavits and counter affidavits and the judgment cited at the Bar, this Court is satisfied that the observations made by the Regional Director, Ministry of Corporate Affairs no longer survive. This Court is of the view that the present Scheme of Arrangement is in the interest of the shareholders and creditors of all the companies as well as in the public interest therefore, it deserves to be sanctioned. Hence, the following order: The prayers in terms of paragraph 16(a) of the Company Petition No. 352 of 2015, and paragraph 15(a) of Company Petition No. 353 of 2015 are hereby granted.
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