Allowed
gabriel india limited v. -
Bombay HCCP/35/2007
Case brief
AI extract
What is this about?
The High Court sanctioned a scheme of arrangement and restructuring under Sections 391 and 394 of the Companies Act, 1956, vesting the Engine Bearing Division of Gabriel India Limited in Anand Engine Components Limited. The court noted consent of shareholders and lack of objection from the Regional Director, making the petition absolute.
What did the court decide?
The petition is made absolute. The petitioner must pay costs of Rs. 2,500/- each to the Regional Director and the Official Liquidator.