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2014 (5) TMI 1219 - HC - Companies LawSanction to the Scheme of Amalgamation - sections 391 to 394 of the Companies Act, 1956 - HELD THAT:- In view of the approval accorded by the Shareholders and Creditors of the Petitioner Companies; representation/reports filed by the Regional Director, Northern Region and the Official Liquidator, attached with this Court to the proposed Scheme of Amalgamation, there appears to be no impediment to the grant of sanction to the Scheme of Amalgamation. Consequently, sanction is hereby granted to the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956. The Petitioner Companies will comply with the statutory requirements in accordance with law. The Petitioner Companies (collectively) would voluntarily deposit a sum of ₹ 1,00,000/- in the Common Pool fund of the Official Liquidator within three weeks from today. The statement is accepted - Petition allowed.
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