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2016 (5) TMI 2 - HC - Companies LawScheme of Arrangement in the nature of Amalgamation - Held that:- Taking into account all the contentions raised by the affidavits and counteraffidavits, as well as the submissions advanced during the course of hearing, this Court is satisfied that the observations made by the Regional Director, Ministry of Corporate Affairs, have been satisfactorily redressed. It appears to this Court that the present Scheme of Arrangement would be 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.
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