2016 (12) TMI 1252

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....his Court to the Scheme of Amalgamation of Aatrey Buildcon Private Limited, Aatrey Infracon Private Limited and Aatrey Infrastructure Private Limited with Shreem Design and Infrastructure Private Limited. 2. Aatrey Buildcon Private Limited, one of the Transferor Companies, filed Company Application No.367 of 2016, seeking dispensation of the meetings of the Equity Shareholders and Unsecured Creditors. It is reported that there are no Secured Creditors of the petitioner-company. By an order dated 16.8.2016, passed in Company Application No. 367 of 2016, this Court ordered dispensation of the meetings of the Equity Shareholders and Unsecured Creditors. 3. Shreem Design and Infrastructure Private Limited, the Transferee Company, filed Co....

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....t admitted the petitions and directed the issuance of notice to the Regional Director in the case of all the Companies and notice to the Official Liquidator in the case of the Transferor Companies. This Court also directed the publication of a common notice of the petition in the local newspapers, being English Daily newspaper 'Indian Express' and the Vernacular daily newspaper 'Financial Express', having circulation in Ahmedabad. 7. Pursuant to the order dated 23.9.2016, the petitioners have published the notice of the petition in the Gujarati Daily newspaper 'Financial Express' and the English Daily newspaper 'Indian Express', both having circulation in Ahmedabad, on 1.12.2016. The authorized person of the petitioner companies has file....

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....ted this Court to direct the petitioner Transferor Companies to preserve their books of accounts, papers and records and not to dispose of the records without the prior permission of Central Government u/s. 396A of the Companies Act, 1956. The Official Liquidator has also sought directions for making due compliance of the statutory liabilities. 12. Having heard Mr. Navin K. Pahwa, learned Counsel for the petitioner companies, Mr.Kshitij Amin, learned Central Government Standing Counsel for Mr.Devang Vyas, learned Assistant Solicitor General of India on behalf of the Regional Director and upon perusal of the reports of the Official Liquidator and the Regional Director and having considered the Scheme of Amalgamation, together with relevan....