Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Inr Re : Regus Business Centre (Gurgaon) Private Limited and East India Business Centre Private Limited

2016 (1) TMI 585 - PUNJAB AND HARYANA HIGH COURT

Sanction of Amalgamation and Arrangement - Scheme of Amalgamation and Arrangement is hereby sanctioned with the direction to follow all the procedural formalities. - CP No. 80 of 2015 (O&M) Connected with CP No. 40 of 2015 - Dated:- 13-10-2015 - Mr. Rajesh Bindal, J For The Petitioner : Ms. Munisha Gandhi, Senior Advocate with Ms. Salina Chalana, Advocate Mr. Deepak Aggarwal, Advocate, with Mr. D. K. Singh, Official Liquidator. Rajesh Bindal, J. In this petition, the petitioner company seeks san .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e been annexed with the petition at Annexures P-3 and P-5, respectively. The Board of Directors of both the aforementioned Companies in their respective meetings held on 11.2.2015 have approved the Scheme. Copies of the same have been annexed at Annexures P-7 and P-8, respectively. Earlier vide order dated 6.4.2015, passed in CP No. 40 of 2015, this Court had dispensed with convening of meetings of the Equity Shareholders and Secured Creditors of the Petitioner- Transferor company and further di .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

rector, Ministry of Corporate Affairs and the Official Liquidator. Notice was also directed to be published in 'Financial Express' (English) and 'Jansatta' (Hindi), both Delhi/ NCR Edition, and in the official Gazette of Government of Haryana. The aforesaid order has been complied with and affidavit to this effect has been placed on record. While referring to the report dated 7.9.2015 filed by way of affidavit of A. K. Chaturvedi, Regional Director, Northren Region, Ministry of C .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

been provided in the Scheme that Transferee Company shall be bound by any liability of the Transferor Company even before the effective date. She further submitted that even otherwise the violations, as have been referred to, pertained to the period prior to the year 2009. Heard learned counsel for the parties and perused the paper book. With regard to the issue of procedural violations, raised by the Regional Director, it has been provided in the Scheme and undertaken by learned counsel for the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ovisions of Sections 391 to 394 and all other applicable provisions, if any, of the Act, and without any further act or deed,be transferred to or be deemed to be transferred to Transferee Company, so as to become from the Appointed Date the debts, liabilities, contingent liabilities, duties and obligations of Transferee Company and it shall not be necessary to obtain the consent of any third party or other person who is a party to any contract or arrangement by virtue of which such debts, liabil .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

eemed to have been on account of and on behalf of Transferee Company and the relevant authorities shall be bound to transfer to the account of and give credit for the same to Transferee Company upon the Scheme becoming effective. Still further in the affidavit dated 5.10.2015, filed by Harsh Lambah, Director of petitioner company it has been specifically stated that Petitioner Company undertakes to comply with such directions as this Court may deem fit and shall also comply with all future manda .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version