Max India Limited v. ------------
Case brief
What is this about?
The High Court of Punjab and Haryana sanctioned a Scheme of Arrangement between Max India Limited and two transferee companies for the demerger of specific undertakings. Objections regarding pending prosecutions, tax disputes, and foreign shareholding were addressed as complied with or stayed.
What did the court decide?
Scheme of Arrangement sanctioned; assets and liabilities of demerged undertakings vested in respective transferee companies; Transferee Companies bound by Scheme.
What the court decided
CP No. 134 of 2015
(1)
IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH
CP No. 134 of 2015 (O&M) Date of decision : 14.12.2015
Max India Limited
.... Petitioner / Transferor Company
And
Taures Ventures Limited
.... Petitioner / Transferee Company 1
And
Capricorn Ventures Limited
.... Petitioner / Transferee Company 2
Coram: Hon'ble Mr. Justice Rajesh Bindal
Issues for consideration
1 issue framed by the court
Whether the Scheme of Arrangement for demergers of Max India Limited should be sanctioned by the Court.
Parties & counsel
- petitioner
Max India Limited
- petitioner
Taures Ventures Limited
- petitioner
Capricorn Ventures Limited
Coram
Case details
As recorded by the court registry
- Court
- Punjab & Haryana HC
- Decided on
- · December
- Registered
- Case no.
- CP/134/2015
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