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2020 (9) TMI 475 - Tri - Companies LawSanction of Scheme of Arrangement - Sections 230 to 232 of Companies Act - HELD THAT:- From the material on record, the Scheme appears to be fair and reasonable and does not violate any provisions of law and is not contrary to public policy. Since all requisite statutory compliances have been complied with, consolidated Company Petition in CP (CAA) No.936/MB.V/2020 is made absolute in terms of prayer clause - The Scheme is hereby sanctioned and the Appointed Date is fixed as 31st March, 2019. The Petitioner Companies are directed to lodge a certified copy of this Order alongwith a copy of Scheme of Arrangement with the concerned Registrar of Companies, electronically inform INC-28, as per the relevant provisions of the Companies Act, 2013, within 30 days from the date of issue of the order by the Registry, duly certified by the Deputy/Assistant Registrar of this Tribunal - The Petitioner Companies to lodge a copy of this Order, duly certified by the Deputy/ Assistant Registrar of this Tribunal, along with a copy of the Scheme, with the concerned Superintendent of Stamps, for the purpose of adjudication of stamp duty payable within 60 days from the date of receipt of copy of the Order.
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