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2016 (10) TMI 257 - HC - Companies LawScheme of Demerger embodied in the petition is sanctioned by this Court so as to be binding With effect from 1st April 2016 which is the appointed date, on the petitionerCompany and all their members and creditors and all other persons concerned pursuant to the provisions of Sections 391 to 394 of the Companies Act, 1956. That the petitionerCompany shall Within 30 days after the date signing of this order or Within such other time as may be permitted by this Honourable Court cause a certified copy of the order to be delivered to the Registrar of Companies, Gujarat at Ahmedabad for registration under Section 391 of the Companies Act, 1956. That any parties to the Scheme of Demerger and/ or any person or persons interested shall be at liberty to apply to this Court for any directions that may be necessary in regard to the working of the arrangement embodied in the Scheme of Demerger as sanctioned herein. This Court doth further order for payment of ₹ 10,000 as costs in each of this petition awardable to Mr. Devang Vyas, learned Additional Solicitor General of India.
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