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2017 (1) TMI 866 - HC - Companies LawScheme of Amalgamation - Held that:- Considering the approval accorded by the equity shareholders and creditors of the Transferee Company to the proposed scheme and the affidavit filed by the Regional Director, Northern Region having not raised any objection to the proposed scheme, there appears to be no impediment to the grant of sanction to the proposed scheme. Consequently, subject to sanction of the proposed scheme from the Court of competent jurisdiction in respect of the Transferor Companies, sanction is hereby granted to the proposed scheme. The Transferee Company will comply with the statutory requirements in accordance with law. The sanction to the proposed scheme will be effective from the appointed date of the proposed scheme, i.e. 1st April, 2015.
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