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2016 (2) TMI 722 - HC - Companies LawScheme of Amalgamation - Restructuring of capital - Held that:- Taking into account the contentions raised in the affidavits and reply affidavits, and the submissions advanced during the course of hearing, this Court is of the view that the observations made by the Regional Director, Ministry of Corporate Affairs, are answered satisfactorily. It appears 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 and the same deserves to be sanctioned. The proposed Scheme of Arrangement in nature of amalgamation as well as restructure of capital is, hereby, sanctioned. The Reduction of Equity Share Capital of the Transferee Company is, hereby, confirmed.
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