Home Case Index All Cases Companies Law Companies Law + HC Companies Law - 2016 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (12) TMI 126 - HC - Companies LawScheme of Arrangement in the nature of amalgamation - Held that:- Pursuant to the report of the Official Liquidator, it is ordered that, the petitioner company shall preserve its books of accounts, papers and records and not dispose of the records without the prior permission of the Central Government as per the provisions of Section 396(A) of the Companies Act, 1956, and shall not be absolved from any statutory liability. Considering the above, it is ordered that, the Scheme at Exhibit “C” to the petitions, is hereby sanctioned and the prayers made in all the Company Petitions are granted. The petitioners are directed to pay the professional charges of ₹ 7,500/for each petitions to Mr.Devang Vyas, learned Assistant Solicitor General of India and the petitioners of the Transferor Companies are directed to pay the the professional charges of ₹ 7,500/each to the Official Liquidator.Filing and issuance of drawn up orders are dispensed with.
|