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2016 (12) TMI 1019 - GUJARAT HIGH COURTScheme of Amalgamation is in the interest of its shareholders and creditors as well as in the public interest. The same deserves to be sanctioned. Accordingly, the Scheme is hereby sanctioned. The attention of the Court is drawn to the fact that the other six Transferor Companies have filed similar Petitions in the Bombay High Court and that the Transferee Company has filed a Petition at Madras High Court seeking sanction of the Scheme. Therefore, the Scheme is sanctioned subject to it being sanctioned by the High Courts of Bombay and Madras.
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