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In Re : DLF INNS Limited and Others

2016 (6) TMI 61 - PUNJAB AND HARYANA HIGH COURT

Sanction of the Amended Scheme of Amalgamation - Held that:- On the consideration of all the relevant facts and the procedural requirements contemplated under Sections 391 & 394 of the Act and the relevant Rules and on due consideration of the report of the Regional Director Northern, Ministry of Corporate Affairs, New Delhi and Official Liquidator, the Amended Scheme is hereby sanctioned subject to sanction of the aforesaid Amended Scheme by the High Court of Delhi in the case of Non-petitioner .....

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shall be binding on the Transferor and Transferee Companies, their respective Shareholders, Creditors and all concerned. - Company Petition No.151 of 2015 (O&M) connected with Company Petition No.67 of 015 - Dated:- 5-4-2016 - MR. RAKESH KUMAR JAIN, J. For The Petitioner : Mr.Praveen Gupta, Advocate For The Offical Liquidator : Mr.Vibhor Sharma, Advocate, with Mr.Manjit Singh, Dy. RAKESH KUMAR JAIN, J. This petition is filed under Section 391 & 394 of the Companies Act, 1956 [for short the .....

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itioner/Transferor Company Nos.1 to 4 and non-petitioner/Transferee Company is situated at New Delhi whereas the registered office of the petitioner/Transferor company No.5 is situated at Gurgaon. The Board of Directors of the Petitioner/5th Transferor Company has approved the Amended Scheme of amalgamation in its meeting held on 30.6.2015 (Annexure P-12) Earlier, the petitioner/Transferor Company had approached this Court by way of Company Petition No.67 of 2015 and vide order dated 12.5.2015, .....

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Official Gazette of the State of Haryana besides being uploaded on the website of the office of Official Liquidator. The aforesaid order has been complied with and an affidavit of publication dated 19.11.2015 is placed on record. The Regional Director, A.K. Chaturvedi has filed his report by way of an affidavit dated 4.2.2016 and has not taken any objection, except observation in para No.10 of its report regarding Accounting Standard 14. The Official Liquidator has also submited his report in w .....

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