The petition for approval of a scheme of amalgamation was made absolute on the undertaking of compliance by the petitioner and absence of objections, with costs awarded.
The petition was made absolute in terms of prayer clauses (a) to (c). The petitioner was directed to pay costs of Rs.5,000 to the Regional Director within four weeks.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
1
IN THE HIGH COURT OF JUDICATURE OF BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
COMPANY PETITION NO.809 OF 2007
CONNECTED WITH
COMPANY APPLICATION NO.1030 OF 2007
In the matter of the Companies Act,
1956 (1 of 1956);
And
In the matter of Sections 391 to 394
of the Companies Act, 1956;
And
In the matter of Scheme of
Amalgamation of PEL Holdings Private
Limited with Bigdeal Mercantile
Private Limited and their respective
shareholders
Bigdeal Mercantile Pvt.Ltd. ..Petitioner Co..
Mr.Rajesh Shah i/b. Rajesh Shah & Co. for
petitioner.
Mr.Sethna i/b. G.C.Mishra for Regional Director.
CORAM: A.M.KHANWILKAR,J
DATE : NOVEMBER 23, 2007.
P.C. :
1. As the petitioner assures to comply with the
procedural formalities, on accepting that undertaking
given through Counsel and as no other objection is
raised on behalf of the Official Liquidator or the
Regional Director; coupled with the fact that no
objector has come forward to oppose this scheme,
2
Petition made absolute in terms of prayer clause (a)
to (c).
2. The Petitioner to pay costs of Rs.5,000/- to
the Regional Director within four weeks.
3. Filing and issuance of drawn up order is
dispensed with.
4. All authorities concerned to act on an
authenticated copy of this order issued by the office
of this Court.
(A.M.KHANWILKAR,J)
2 provisions across 1 enactments
Bigdeal Mercantile Pvt.Ltd.
Regional Director
A.M.KHANWILKAR
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court