Allowed
Dandvati Investments and Trading Co. Pvt. Ltd. v. ----------------------------------------------
Bombay HCCP/997/2008
Case brief
AI extract
What is this about?
High Court granted absolute sanction for the demerger scheme proposed by Petitioners. Court accepted undertakings given by the companies to comply with statutory requirements stipulated in the scheme and accepted affidavits from the Regional Director that the scheme was not prejudicial to shareholders or public interest.
What did the court decide?
Both Company Petitions were made absolute in terms of the prayers contained therein.