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2016 (10) TMI 1371 - HC - Companies LawSanction of scheme of Amalgamation - Sections 391 to 394 of the Companies Act, 1956 - HELD THAT:- From the material on record, the Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public policy. No other party has come forward to oppose the Scheme in the Court. Since all the requisite statutory compliances have been fulfilled, the Company Scheme Petition No. 317 of 2016 filed by the Transferor Company is made absolute in terms of the prayer made under sub- clauses (a) to (d) of Clause 35 and the Company Scheme Petition No. 318 of 2016 filed by the Transferee Company is made absolute in terms of the prayer made under sub-clauses (a) to (d) of Clause 34. The Petitioners are directed to file a copy of the Scheme of Amalgamation with the concerned Registrar of Companies, electronically, along with E-Form INC 28 in addition to physical copy as per the relevant provisions of the Companies Act, 1956/ 2013, which ever is applicable - application disposed off.
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