Godrej Agrovet Limited Vs
Case brief
What is this about?
The High Court made the petitions for a Scheme of Arrangement absolute under Section 391 to 394 read with Sections 78 and 100 to 103 of the Companies Act, 1956, after finding all submissions complied with and the scheme fair.
What did the court decide?
Petitions made absolute in terms of prayers (a) to (d); order to be filed with Registrar of Companies within 30 days; Stamp duty adjudication within 60 days; costs awarded to Regional Director and Off
What the court decided
1
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
COMPANY SCHEME PETITION NO 41 OF 2012
CONNECTED WITH
COMPANY SUMMONS FOR DIRECTION NO 821 OF 2011
GODREJ GOKARNA OIL PALM LIMITED
…… Petitioner /Transferor Company No.1
AND
COMPANY SCHEME PETITION NO 42 OF 2012
CONNECTED WITH
COMPANY SUMMONS FOR DIRECTION NO 822 OF 2011
GODREJ OIL PALM LIMITED
Issues for consideration
3 issues framed by the court
Whether the court decree the Scheme of Compromise and Arrangement filed by Godrej Gokarna Oil Palm Limited, Godrej Oil Palm Limited, and Cauvery Palm Oil Limited with Godrej Agrovet Limited.
Whether the Reserve arising out of the scheme shall be utilized for declaring dividend by the Transferee Company.
Whether the petitioners have complied with all statutory compliances required under the Companies Act, 1956.
Parties & counsel
- petitioner
Godrej Gokarna Oil Palm Limited
- petitioner
Godrej Oil Palm Limited
- petitioner
Cauvery Palm Oil Limited
- respondent
Godrej Agrovet Limited
Coram
Case details
As recorded by the court registry
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