2000 (11) TMI 1139

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....on 22-11-2000, upon reading the said petition, the order dated 12-7-2000 whereby the said company was ordered to convene a meeting of the equity shareholders of the above company for the purpose of considering, and if thought fit approving, with or without modification, the Scheme of Arrangement proposed to be made between the petitioner-company (being the transferor-company) and Sahara India Comm....

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....ate of the hearing of the petition having been published on 7-9-2000 in the same newspapers in which notices convening the meeting were published, no one having come forward to oppose the petition, after perusing the report dated 11-10-2000 by the official liquidator stating therein that the affairs of the transferor-company have not been conducted in manner prejudicial to the interest of its memb....

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....he meeting that the proposed Scheme of arrangement has been approved unanimously by the members present and voting in person or by proxy. 2. This Court doth hereby sanction the Scheme of arrangement annexed to the petition as Annexure-I and doth hereby declare the same to be binding on all the members of the petitioner-company and also on the said company, i.e., Sahara Investment India Ltd. ....

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....es of the transferee-company; and 3.all proceedings now pending by or against the transferor-company be continued by or against the transferee-company; and 4.the transferee-company do without further application allot to such members of the transferor-company, the shares in the transferee-company to which they are entitled to under the said Scheme of arrangement; and 5.the transferor-comp....