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2016 (6) TMI 1060 - HC - Companies LawComposite Scheme of Arrangement in the nature of Demerger and Transfer of the demerged Undertaking - Held that:- Considering all the facts and circumstances and taking into account all the contentions raised by the affidavits and reply affidavits, undertakings provided vide the additional affidavit dated 21st June 2016, the observations made by the Regional Director, Ministry of Corporate Affairs, have been suitably addressed and hence do not survive. This court has come to the conclusion that the present scheme of arrangement is in the interest of its shareholders and creditors as well as in the public interest and the same deserves to be sanctioned. Prayers in terms of paragraph 16 (a) of the Company Petitions No. 177, 178 and 179 of 2016 are hereby granted.
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