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2020 (12) TMI 37 - Tri - Companies LawApproval of Scheme of Amalgamation - Sections 230 to 232 of the Companies Act, 2013 and other relevant provisions of the Companies Act, 2013 and the rules framed there under - HELD THAT:- The observations made by the Regional Director have been explained by the Petitioner Companies in Para 10 to 18 above. The clarifications and undertakings given by the Petitioner Companies are accepted by the Tribunal - The Official Liquidator has filed his report on 13th August, 2020 in the Consolidated Company Scheme Petition No. 952 of 2020, inter alia, stating therein that the affairs of the Transferor Companies have been conducted in a proper manner not prejudicial to the interest of the Shareholders of the Transferor Companies and that the Transferor Companies may be ordered to be dissolved by this Tribunal. The Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public policy - Since all the requisite statutory compliances have been fulfilled, Company Scheme Petition No. 952 of 2020 is made absolute in terms of clauses (a) to (c). The scheme is sanctioned - The Appointed Date is fixed as 1st April, 2019.
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