Akash Cleaners Pvt.Ltd. v. ---
Case brief
What is this about?
Bench allowed petitions for sanction of scheme of amalgamation under Sections 391-394 of Companies Act 1956. Scheme deemed fair, reasonable, and beneficial for surviving company with no opposition.
What did the court decide?
Company Scheme Petition Nos. 351 to 354 of 2013 were made absolute in terms of respective prayer clauses with directions to file copies and pay costs.
What the court decided
1
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
COMPANY SCHEME PETITION NO. 351 OF 2013. CONNECTED WITH COMPANY SUMMONS FOR DIRECTION NO. 282 OF 2013.
AKASH CLEANERS PRIVATE LIMITED
.....Petitioner/First Transferor Company
AND
COMPANY SCHEME PETITION NO. 352 OF 2013 CONNECTED WITH
COMPANY SUMMONS FOR DIRECTION NO. 283 OF 2013
DIAMOND FABCARE PRIVATE LIMITED
.....Petitioner/ Second Transferor Company
AND
COMPANY SCHEME PETITION NO. 353 OF 2013 CONNECTED WITH
Issues for consideration
1 issue framed by the court
Whether the proposed scheme of amalgamation under Sections 391 to 394 of the Companies Act, 1956 requires the sanction of the court.
Parties & counsel
- petitioner
Akash Cleaners Private Limited and others
- petitioner
Jyothy Fabricare Services Limited
- respondent
Regional Director
- respondent
Official Liquidator
Coram
Case details
As recorded by the court registry
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