2016 (2) TMI 1345

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....nies. Sri M.K. Bagri, Official Liquidator has appeared on behalf of Regional Director, Northern Region, Ministry of Corporate Affairs, New Delhi. No other person has appeared to oppose the petition. The petition is under Section 391/394 of the Companies Act, 1956 for the demerger of one of the units of the petitioner No.1 SGPKA Infratech Private Ltd. and its merger with petitioner No.2 Agra ....

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....rs of the two companies and has permitted petitioner companies to proceed with the filing of the second motion petition for the sanction of the scheme. The delay in filing of the second motion petition is adequately explained and accordingly the same is condoned. On the filing of this petition, notice of the petition was directed to be published in the two news papers Hindustan Times (Englis....

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....l that he has no objection if the scheme is sanctioned. In view of above, no one is opposing the scheme and the matter is non-contentious in nature. The scheme does not appear to be against the interest of the public or against the policy of the nation. Accordingly, the scheme annexure-1 to the petition is hereby sanctioned. The office is directed to draw the formal order of sanctionin....