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2016 (10) TMI 284 - HC - Companies LawScheme of amalgamation - Held that:- Pursuant to the report of the Official Liquidator, it is ordered that the petitionerCompany shall preserve its books of accounts, papers and records and not dispose of the records without prior permission of Central Government as per the provisions of Section 396(A) of the Companies Act, 1956 and shall not be absolved from any statutory liability. It is ordered that the scheme necessarily contains the clause 11(a) and 11(b) and hence observations as made in the common affidavit of the Regional Director is misplaced one and the Transferee petitioner explained and clarified the issues in the affidavit. Considering the above, it is ordered that the scheme at Exhibit “C” to the petitions is hereby sanctioned and the prayers as prayed in all the Company Petitions are allowed. The petitioners are directed to pay the fees of ₹ 7,500/for each petitions to Mr. Devang Vyas, learned Assistant Solicitor General and petitioner of Transferor Companies are directed to pay the fees of ₹ 7,500/each to the Official Liquidator.
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