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TMI Blog2013 (10) TMI 335X X X X Extracts X X X X X X X X Extracts X X X X ..... e Limited, DLF New Gurgaon Offices Developers Private Limited and Valini Builders & Developers Private Limited (hereafter referred to as 'Transferor companies') with DLF Home Developers Limited (hereafter referred to as 'Transferee company') [hereafter collectively referred to as 'Petitioner companies']. 2. The registered offices of the Petitioner companies are situated within the National Capital Territory of Delhi and are within the jurisdiction of this Court. 3. The details of the dates of incorporation of the Petitioner companies, their authorized, issued, subscribed and paid up capital have been set out in the petition. 4. The copies of the Memorandum and Articles of Association as well as the latest audited annual accounts for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Petitioner companies had thereafter filed the present Petition seeking sanction of the Scheme. By order dated 26th February 2013, notice in the petition was directed to be issued to the Regional Director ('RD') and the Official Liquidator ('OL'). Citations were also directed to be published in "The Indian Express" (English) and "Navbharat Times" (Hindi). An affidavit of service and publication has been filed by the Petitioner companies showing compliance regarding service of the petition on the RD and the OL and also regarding publication of citations in the aforesaid newspapers on 10the April 2013. Copies of newspapers, in original, containing the publication have been filed along with the said affidavit. 9. Pursuant to the notices i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e received any objection from public pursuant to publication of citations in the newspapers. 13. In view of the approval accorded by the shareholders and creditors of the Petitioner companies ; representation / reports filed by the RD and the OL to the proposed Scheme, there appears to be no impediment to grant of sanction to the Scheme. Consequently, sanction is hereby granted to the Scheme under Sections 391 and 394 of the Act. The Petitioner companies will comply with the statutory requirements in accordance with law. 14. The certified copy of the order shall be filed with the Registrar of Companies within 30 days from the date of receipt of the same. In terms of Section 391 and 394 of the Act and in terms of the Scheme, the whole or p ..... X X X X Extracts X X X X X X X X Extracts X X X X
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