2015 (7) TMI 1248

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ion of Apar Lubricants Limited (erstwhile Apar ChemateK Lubricants Limited) with Apar Industries Limited, the transferee company is proposed under Sections 391 to 394 of the Companies Act, 1956. 2. In this regard, the present application is filed by Apar Industries Limited, the applicant transferee company. In the Judges' summons taken out dated 30th June, 2015, it has prayed for dispensati....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f the same, the rights and interests of the shareholders of the transferee company shall not be in any way affected and hence the separate proceedings for the said transferee company is not necessary. 4. It is further submitted that the aforesaid submission is based on the settled legal position supported by judgments of various High Courts. It is submitted that this view is consistently taken ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....licant being a listed public limited company, pursuant to clause 24(f) of the Listing Agreement, the applicant company has obtained the requisite approval from the concerned stock exchanges viz. BSE Limited and National Stock Exchange of India Limited. A copy of each of them have been placed on record as Exhibit `E'. Perusal of the same makes it clear that an additional condition has been pres....