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2017 (8) TMI 1722 - Tri - Companies LawSeeking sanction of proposed Scheme of Amalgamation - Sections 230 to 232 of the Companies Act, 2013 - HELD THAT:- Considering the entire facts and circumstances of the case and on perusal of the Scheme and the documents produced on record, it appears that the requirements of the provisions of Sections 230 and 232 of the Companies Act, 2013 are satisfied. The Scheme appears to be genuine and bona fide and in the interest of the shareholders and creditors. The Scheme of Amalgamation, which is at Annexure K to the joint petition, is hereby sanctioned and it is declared that the same shall be binding on the petitioner companies, namely, Welpsun Energy Private Limited, WS Alloy Holding Private Limited and Welspun Steel Limited, their equity shareholders, preference shareholder, secured creditors and unsecured creditors and all concerned under the Scheme. Petition allowed.
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