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2016 (11) TMI 1260 - HC - Companies LawScheme of Amalgamation - Held that:- Taking into account the contentions raised in the affidavits and counter affidavits and the undertakings given vide the additional affidavit dated 20th October, 2016, and the submissions advanced, the observations made by the Regional Director, Ministry of Corporate Affairs, no longer survive. It appears from the material on record that the Scheme of amalgamation would be in the interest of its shareholders and creditors as well as in the public interest, therefore the same deserves to be sanctioned and is hereby, sanctioned.
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