Aura Chem Pvt. Ltd. v. -
Case brief
What is this about?
High Court sanctioned the Scheme of Amalgamation between Aura Chem Private Limited and Solex Chemicals Private Limited under Sections 391-394 of the Companies Act, 1956, finding it fair, reasonable, and not contrary to public policy or statutes.
What did the court decide?
Company Scheme Petition made absolute; directions issued to lodge order with Superintendent of Stamps and Registrar of Companies; costs awarded to officials.
What the court decided
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
COMPANY SCHEME PETITION NO 181 OF 2016
CONNECTED WITH
COMPANY SUMMONS FOR DIRECTION NO. 29 OF 2016
In the matter of Companies Act, 1956, (1 of 1956);
AND
In the matter of Sections 391 to 394 of the Companies Act, 1956 (or any corresponding provisions of the Companies Act, 2013 as maybe notified);
AND
In the matter of Scheme of Amalgamation of Aura Chem Private Limited (Transferor Company) with Solex Chemicals Private limited (Transferee Company) and their respective shareholders
Aura Chem Private Limited…..Petitioner/Transferor Company
Called for Hearing
Issues for consideration
1 issue framed by the court
Whether the Scheme of Amalgamation between petitioner and transferee companies is fair, reasonable, and not violative of law or public policy.
Parties & counsel
- petitioner
Aura Chem Private Limited
- respondent
Solex Chemicals Private Limited
Coram
A. K. Menon
Case details
As recorded by the court registry
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