https://www.taxtmi.com/caselaws?id=275128 The Court sanctioned the Scheme of Arrangement between PARIDHI PROPERTIES LIMITED and LUMINAIRE TECHNOLOGIES LIMITED under sections 391 to 394 of the Companies Act, 1956. The Official Liquidator recommended the dissolution of the Transferor Company, and concerns raised by the Regional Director were addressed by the Transferee Company. The Scheme was found fair, reasonable, compliant with the law, and not against public policy, leading to both Company Scheme Petitions being made absolute. The Petitioner Companies were directed to comply with specified timelines for further actions and to pay costs to relevant parties. en-us Fri, 27 Jul 2012 00:00:00 +0530 Tue, 18 Apr 2023 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275128 The Court sanctioned the Scheme of Arrangement between PARIDHI PROPERTIES LIMITED and LUMINAIRE TECHNOLOGIES LIMITED under sections 391 to 394 of the Companies Act, 1956. The Official Liquidator recommended the dissolution of the Transferor Company, and concerns raised by the Regional Director were addressed by the Transferee Company. The Scheme was found fair, reasonable, compliant with the law, and not against public policy, leading to both Company Scheme Petitions being made absolute. The Petitioner Companies were directed to comply with specified timelines for further actions and to pay costs to relevant parties. Case-Laws Companies Law Fri, 27 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275128