Tafe Reach Limited Vs
Case brief
What is this about?
The Court approved the scheme of arrangement (demerger) between Tafe Reach Limited and Tafe Access Limited pursuant to the Companies Act, 1956, finding no prejudice to stakeholders and compliance with statutory provisions.
What did the court decide?
Scheme of arrangement (demerger) between the petitioner companies was approved with effect from 01.04.2015.
What the court decided
1
IN THE HIGH COURT OF JUDICATURE AT MADRAS
RESERVED ON : 30.06.2016
DELIVERED ON : 05.07.2016
Coram
The Honourable Mr.Justice RAJIV SHAKDHER
C.P.Nos.140 and 141 of 2016
Tafe Reach Limited, No.77, Nungambakkam High Road, Chennai - 600 034 represented by Mr.S.Rajagopalan, Authorized Signatory
.. Petitioner in C.P.No.140 of 2016
/ Demerged Company
Tafe Access Limited No.77, Nungambakkam High Road, Chennai - 600 034 represented by Mr.S.Rajagopalan, Authorized Signatory
.. Petitioner in C.P.No.141 of 2016
/ Resulting Company
Issues for consideration
1 issue framed by the court
Whether to sanction the scheme of arrangement (demerger) between the demerged company and the resulting company.
Parties & counsel
- petitioner
Tafe Reach Limited
- petitioner
Tafe Access Limited
Coram
RAJIV SHAKDHER
Case details
As recorded by the court registry
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