2008 (3) TMI 473

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..... ORDER 1. This is a petition under sections 391-394 of the Companies Act, 1956 seeking sanction of the Scheme of Amalgamation of Hindustan Hydel Projects Pvt. Ltd. (applicant/transferor company No. 1) and Shantikunj Investments Pvt. Ltd. (applicant/transferor company No. 2) with Hydel Construction Pvt. Ltd. (applicant/transferee company). 2. The applicant/transferor company No. 1 was inc....

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....hares of Rs. 10 each while the issued, subscribed and paid-up equity share capital of the applicant/ transferor company No. 2 is Rs. 74 lakhs divided into 7,40,000 equity shares of Rs. 10 each. 6. The authorized share capital of the applicant/transferee company is Rs. 3.5 crores divided into 35 lakhs equity shares of Rs. 10 each, while the issued, subscribed and paid-up Share Capital of applica....

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....orized signatory of the petitioner companies about the publication of the citations in 'The Financial Express' (English edition) and 'Jansatta' (Hindi edition), on 19-2-2008 and 22-2-2008 respectively. The said publication containing the said citations were also produced along with the affidavit. 9. Notices were issued to the Official Liquidator and the Regional Director (Northern Region) vide ....

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....companies do not appear to have been conducted in a manner prejudicial to the interest of the members, creditors, or public and in accordance with the provisions of section 394(1) of the Companies Act, 1956. 11. The report has also been filed by Shri Dhan Raj, Regional Director (Northern Region) by an affidavit, dated 10-3-2008. The Regional Director, Northern Region has no objection to the sch....