2010 (10) TMI 1127

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....ansferee company, which proposes to enter into an arrangement in the nature of Scheme of Amalgamation of M.S. Khurana infrastructure and Toll Road Private Limited, its wholly owned subsidiary with M.S. Khurana Engineering Limited. 2. Heard Mrs. Swati Soparkar, learned advocate for the applicant. It has been submitted that the applicant company is the sole holding company of the Transferor Company....

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....Company, it is not likely to undergo any change and the rights of the existing shareholders of the Transferee Company are not affected in any manner. In view of the same, the contention is taken that the Holding Transferee Company is not required to take out separate proceedings for obtaining the sanction of this Court to the proposed scheme of amalgamation of its wholly owned subsidiary with itse....