2003 (3) TMI 633

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..... Respondent. JUDGMENT 1. Heard Mr. Bhatt for the appellants in both the appeals. Mr. Master is present for the Regional Director, Department of Company Affairs. 2. Both the appeals are filed against the order passed by the learned Single Judge on January 23, 2003, rejecting the Company Application Nos. 428 and 429 of 2002. Application No. 428 of 2002 sought merger of Programme Asia Tr .....

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..... part an additional affidavit has also been filed to place on record as to what those prosecutions/proceedings are. We have gone through these papers. We do not find that these are proceedings which should stall in any manner the merger of Programme Asia Trading Co. Ltd. into Zee Telefilms Ltd. This is particularly so when the transferor company is a fully owned subsidiary company of the transferee .....

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