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2013 (1) TMI 933
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.... 2. Mr. Manish Bishnoi, learned counsel for the Official Liquidator ("OL") accepts notice. 3. By this application the Applicant ("Transferee Company") seeks dispensation from approaching the High Court of Bombay for sanction of the Scheme of Amalgamation ("Scheme") of the Transferor company with the Transferee Company under Sections 391 and 394 of the Companies Act, 1956. 4. As far as the T....
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....ntire issued, subscribed and paid up equity share capital of Transferor company is held by the Transferee company and the Transferor company, therefore, is a wholly owned subsidiary of the Transferee company. 7. The question of a holding company having to obtain sanction for a scheme of amalgamation involving its subsidiary company has been considered by several High Courts, including this Cour....