2016 (8) TMI 615

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..... nglish) and ‘Punjab Kesri’ (Hindi), both Punjab Edition and in the Official Gazette of Government of Punjab. Any person interested shall be at liberty to apply to the Court for any direction(s) as per law. - CP No.229 of 2015 (O&M) - - - Dated:- 1-8-2016 - MR. RAKESH KUMAR JAIN, J. For The Petitioner : Ms.Munisha Gandhi, Sr. Advocate, with Ms.Salina Chalana, Advocate, For The Official Liquidator : Mr.Deepak Aggarwal, Advocate, with Mr.D.K. Singh, RAKESH KUMAR JAIN, J. The petitioners have prayed for sanctioning of Scheme of Amalgamation (Annexure P-1) of Anklesh Investments Private Limited (Transferor Company 1/Petitioner Company 1), Pradeep Mercantile Company Private Limited (Transferor Company 2/Petitioner Comp .....

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..... ountant, has stated in his report that the composite scheme of Amalgamation and Arrangement will be in interest of shareholders and other stakeholders. Further it is not prejudicial to the interest of any creditors, banks, employees or to the public at large . Hence, the Official Liquidator has not taken any objection to the Scheme. Similarly, the Official Liquidator has filed the representation/affidavit of N.K. Bhola, Regional Director, Northern Region, Ministry of Corporate Affairs, New Delhi dated 06.07.2016 in which he has observed no objection to the Scheme except the following averments made therein: - 6. X x x x x Further, the IT authorities have stated that it will be in the interest of revenue if the aforementioned .....

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..... Amalgamation is hereby sanctioned and as a result thereto, the Assets and Liabilities of the Anklesh Investments Private Limited (Transferor Company 1/Petitioner Company 1), Pradeep Mercantile Company Private Limited (Transferor Company 2/Petitioner Company 2), Plaza Trading Company Private Limited (Transferor Company 3/Petitioner Company 3), Marshall Investment And Trading Company Private Limited (Transferor Company 4/Petitioner Company 4), Syracuse Investment And Trading Company Private Limited (Transferor Company 5/Petitioner Company 5) and Srestha Holdings Private Limited (Transferor Company 6/Petitioner Company 6) shall stand vested in Devakar Investment And Trading Company Private Limited (Transferee Company/Petitioner Company 7) and .....

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