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2016 (11) TMI 28 - HC - Companies LawScheme of arrangement between Composite Scheme of Arrangement in the nature of Amalgamation - it does not appear to be any impediment to the grant of sanction to the Scheme of Arrangement, in as much as from the material on record and on perusal of the Scheme, the scheme appears to be fair and reasonable and is not violative of any of public policy. The arrangement under the proposed scheme appears to be in the interest of the companies and its members and creditors and, therefore deserves to be sanctioned.
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