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TMI Blog2018 (11) TMI 1683X X X X Extracts X X X X X X X X Extracts X X X X ..... . - C.A. (CAA) NOS. 54 TO 56 (BB) OF 2018 - - - Dated:- 5-11-2018 - MR ASHOK KUMAR MISHRA, MEMBER (TECHNICAL) AND MR RAJESHWARA RAO VITTANALA, MEMBER (JUDICIAL) For The Petitioner : Mr Aditya Narayan, Advocate ORDER 1. The Company Petitions were filed on behalf of the Petitioner Companies under Sections 230 and 232 of the Companies Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No. 2). 3. The main petition at para IV(h) states that certain proceedings are pending in relation to the mining business of the Demerged Company, the same are not affected by the Scheme. Accordingly, the Registry raised an objection in this regard to which an Affidavit was filed on 05.09.2018 stating that certain investigations registered as Spl. CC No. 12/2016 and Spl. CC No. 47 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the said proceedings have no bearing to the present proceedings. 5. In view of the above facts and circumstances, we are of the view that the Scheme in Question cannot be sanctioned at present as admittedly several issues are pending to be finalized as stated supra. Hence, C.A (CAA) No. 54/BB/2018, C.A (CAA) No. 54/BB/2018, and C.A (CAA) No. 54/BB/2018 are disposed herewith with l ..... X X X X Extracts X X X X X X X X Extracts X X X X
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