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2020 (9) TMI 380 - Tri - Companies LawSanction of Amalgamation Scheme - Sections 230 to 232 of Companies Act - HELD THAT:- The Official Liquidator has filed his report on 13th August, 2020 in the Company Scheme Petition No. 944 of 2020, inter alia, stating therein that the affairs of the Transferor Companies have been conducted in a proper manner not prejudicial to the interest of the Shareholders of the Transferor Companies and that the Transferor Companies may be ordered to be dissolved by this Tribunal - From the material on record, the Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public policy. Petition allowed subject to conditions imposed.
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