TMI Blog2016 (3) TMI 465X X X X Extracts X X X X X X X X Extracts X X X X ..... riate to grant sanction to the present Scheme of Amalgamation. It is, however, directed that the petitioner shall preserve its books of accounts, papers and records and shall not dispose of the records without the prior permission of the Central Government under Section 396A of the Companies Act, 1956. 11 The cost of this petition is determined at ₹ 7,500/payable to Shri Devang Vyas, learned Assistant Solicitor General of India and the Official Liquidator, respectively. - COMPANY PETITION NO. 32 of 2016, COMPANY APPLICATION NO. 26 of 2016 - - - Dated:- 11-3-2016 - SMT. ABHILASHA KUMARI, J. FOR THE PETITIONER : MR. NAVIN K PAHWA, ADVOCATE FOR THAKKAR AND PAHWA ADVOCATES, ADVOCATE FOR THE RESPONDENT : MR. KSHITIJ AMIN, C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and directed the issuance of notice to the Regional Director and to the Official Liquidator. This Court also directed publication of the notice of the petition in the local daily newspapers, in both the English and Vernacular editions. 5 It is stated that pursuant to the order dated 28.1.2016, the petitioner has published the notice of the petition in the Gujarati daily newspaper LoksattaJansatta and the English daily newspaper Indian Express , both having circulation in Ahmedabad, on 5.2.2016. The Authorized Director of the petitioner company has filed an affidavit dated 26.2.2016, in support of the publication of the advertisements. 6 In response to the notice, the Regional Director has filed an affidavit dated 4.3.2016, making ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Director and upon perusal of the report of the Official Liquidator and the Regional Director and having considered the Scheme of Amalgamation together with the relevant documents on record, this Court finds it appropriate to grant sanction to the present Scheme of Amalgamation. 10 In view of the above, the Scheme of Amalgamation is sanctioned. It is, however, directed that the petitioner shall preserve its books of accounts, papers and records and shall not dispose of the records without the prior permission of the Central Government under Section 396A of the Companies Act, 1956. 11 The cost of this petition is determined at ₹ 7,500/payable to Shri Devang Vyas, learned Assistant Solicitor General of India and the Official Liquidat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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