Home Case Index All Cases Companies Law Companies Law + HC Companies Law - 2016 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (7) TMI 786 - HC - Companies LawComposite Scheme of Arrangement in the nature of Amalgamation is in the interest of its shareholders and creditors as well as in the public interest and the same deserves to be sanctioned and the same is hereby sanctioned. The consequential reduction of Equity Share Capital of Saumya, the Transferee Company as set out in Clause 8 of the Scheme and paragraph 11 of the petition is hereby confirmed. However, since there is no net reduction of capital, minute under Sec. 103(1) is not necessary.
|