9911796707
TMI Blog2015 (8) TMI 1503X X X X Extracts X X X X X X X X Extracts X X X X ..... iness Processing Private Limited, (v) M/s Genpact Infrastructure (Jaipur) Private Limited, (vi) M/s NGEN Media Services Private Limited and (vii) Pharmalink Consulting Operations Private Limited (hereinafter referred to as 'the Transferor Companies') with it. The petitioner pleaded that it was incorporated under the Act on 10-02-2005; that its registered office is situated at D.No.14/45, Uppal, Opp. NGRI, Habsiguda, Hyderabad; that its main objects are to carry on the business of research and analysis with respect to various Industries, Companies, Markets, Audiences, Entertainment products etc., in order to provide information and data to customers relating to Industry, Competition, Market Trends, Audience Analysis, Organisation, Business ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Transferor Companies with it; and that similar resolutions were passed by the Board of Directors of the Transferor Companies in their respective meetings held on 20th , 22nd and 23rd April, 2015. It is further pleaded that all the shareholders of the petitioner- Company have given their consent affidavits to the proposed scheme of amalgamation. It is also pleaded that out of the nine unsecured creditors for the value of Rs. 4646.36 Crores, the unsecured creditors for the value of Rs. 4642.19 Crores, amounting to 99.91%, have given their no objection letters to the proposed scheme of amalgamation. The petitioner has filed a copy of the proposed scheme of amalgamation (Annexure- A17). The petitioner filed Company Application No.10 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly observation made by the Regional Director in his report is that the scheme may be made effective subject to sanction of the scheme of amalgamation in favour of the transferor companies by the Delhi High Court in whose jurisdiction those companies are registered. Having regard to the report of the Regional Director, South Eastern Region, Ministry of Corporate Affairs, Hyderabad and as no objections/claims have been received in pursuance of the advertisement got published by the petitioner in the newspapers, this Court is of the opinion that the proposed scheme of amalgamation is in conformity with the provisions of the Act and the same does not in any manner affect the interests of any of the stake holders including the public. Therefor ..... X X X X Extracts X X X X X X X X Extracts X X X X
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