TMI Blog2016 (5) TMI 663X X X X Extracts X X X X X X X X Extracts X X X X ..... cheme would not absolve anyone who is otherwise liable for any responsibility or liability, only on account of the sanctioning. The Petitioner Company shall pay towards professional charges to learned Assistant Solicitor General ₹ 7,500/. The Petitioner Company is further directed to lodge a copy of this order and the Scheme duly authenticated by the Registrar, High Court of Gujarat, with the concerned Superintendent of Stamps, for the purpose of adjudication of stamp duty, if any, on the same within 60 days from the date of the order. - COMPANY PETITION NO. 71 of 2016, COMPANY APPLICATION NO. 62 of 2016 - - - Dated:- 29-4-2016 - SMT. ABHILASHA KUMARI, J. FOR THE PETITONER : MS DHARMISHTA RAVAL, ADVOCATE FOR THE RESPON ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or and Unsecured Creditors were dispensed with in view of the written consent letters of all the Equity Shareholders, Secured Creditors and Unsecured Creditors being placed on record. 4. The substantive petition filed by the Petitioner Company being Company Petition No. 71 of 2016 was admitted by this Court vide order dated 25th February, 2016. The public notices for the same were duly advertised in the newspapers English daily newspaper Indian Express , Ahmedabad edition and the Gujarati daily newspaper Jai Hind , Ahmedabad Edition, on 13th March, 2016 as submitted in the affidavit dated 22nd March, 2016. The publication in the Government gazette was dispensed with. 5. Notice of the petition has been served upon the Regional Director ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eceived any objections to the present Scheme of Arrangement, from any person. 10. It may be noted that the Regional Director in his affidavit has also stated that as per the report of the Registrar of Companies there is no complaint against the petitioner companies. 11. In view of the above discussion, the observations made by the Regional Director having been addressed, in the opinion of this Court there does not appear to be any impediment to the grant of sanction to the Scheme of Arrangement, inasmuch as from the material on record and on a perusal of the Scheme, the Scheme appears to be fair and reasonable and is not violative of any provisions of law, nor is it contrary to public policy. The Arrangement under the proposed Scheme ..... X X X X Extracts X X X X X X X X Extracts X X X X
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