2016 (3) TMI 1263

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....taken out by the applicant-Swapna Srushti Horizon Private Limited (the Transferee Company), for holding that the applicant-Transferee Company being the Parent Holding Company in the proposed Scheme of Amalgamation of Sheth Housing Finance Private Limited, with the applicant Company, separate proceedings as required to be taken out under the provisions of Section 391(2) of the Companies Act, 1956, ....

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....ransferee Company will not be affected in any manner. It is, therefore, submitted that in view of the above, 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 Company, with itself. 3. Mr.Navin K. Pahwa, learned advocate appearing for the applicant, relies up....