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2021 (4) TMI 942 - Tri - Companies LawSanction of the Composite Scheme of Arrangement - Sections 230 to 232 of the Companies Act, 2013 - HELD THAT:- Certificates of the respective statutory auditors of the Petitioner Companies have been placed on record to the effect that the accounting treatment provided for in the Scheme is in conformity with applicable accounting standards notified under Section 133 of the Act. There appears to be no impediment in sanctioning the Scheme which appears to be fair and reasonable and not contrary to public policy or violative of any provisions of law. All the statutory requirements of Sections 230-232 of the Act appear to have been complied with - Petition allowed.
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