2011 (3) TMI 1480

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....nsferee company to sanction the scheme of amalgamation so as to be binding on all the equity shareholders and creditors of the transferee company, and to dissolve the transferor company without the process of winding up. 2. The petitioner, M/s. Thantiyadi Realtors P. Ltd., in C.P. No. 327 of 2010 is the transferor company, and in C.P. No. 328 of 2010, the petitioner, M/s. Somasimara Realtors P. L....

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....lgamation. 6. All the shareholders of the transferor and transferee companies have given consent affidavit, consenting to the scheme of amalgamation. 7. There is only one debenture holder of transferor company, who has also given affidavit in writing, consenting to the scheme of amalgamation. 8. This court, vide order dated November 30, 2010, passed in C.A. No. 1800 of 2010, was pleased to disp....

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....gional Director, Southern Region, Ministry of Corporate Affairs, Chennai and I am authorised to file this affidavit on behalf of the Central Government for due consideration of this hon'ble court. (2)I respectfully submit that the Regional Director, Southern Region, Ministry of Corporate Affairs, Chennai, had been served with copy of the petitions pursuant to section 394A of the Companies Act, 19....

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....me provides for dissolution of the transferor company, upon amalgamation." 11. The objection raised by the Regional Director cannot come in the way of amalgamation in view of the judgment of this court in the case of Regional Director, Ministry of Co. Affairs v. Cavin Plastics & Chemicals (P.) Ltd. [2008] 141 Comp. Cas. 475/ 85 SCL 30 , wherein, this court held as under (headnote) : "Held, dismi....