9911796707
TMI Blog2015 (3) TMI 1399X X X X Extracts X X X X X X X X Extracts X X X X ..... g of these petitions, no person interested in the affairs of the petitioner companies or their members have raised any objection to the sanction of scheme by this Court. The Transferee company would remain liable for compliance of the law under various enactments including the Income Tax Act on the scheme becoming operational. The scheme in Clause-9 provides to protect the interests of the staff workmen and employees of the Transferor companies - petition allowed. - Co. P.No. 182/2014 c/w Co. P. Nos. 183/2014, 184/2014 And 185/2014 - - - Dated:- 26-3-2015 - Hon ble Mr. Justice A.S. Bopanna, J. For the Appellant : Sri Saji P John Ms. B Rajashree, Advs.) For the Respondent : Smt. Sowbhagya N.A., CGC. For Roc), Sri K.S. Mah ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng of these petitions seeking sanction of the scheme was also directed to be published in The Hindu English Daily and Udayavani Kannada Daily, which has been complied and the same is taken on record. 4. Insofar as the Transferor company, the Official Liquidator had sought for appointment of Chartered Accountant to verify the books and the relevant documents. M/s Ramraj Company was accordingly appointed as the Chartered Accountant. On verification of the records, they have opined that the said companies have not conducted their affairs against the public interest or against the interest of its members. Based on the same, the Official Liquidator has filed the reports in OLR Nos.558, 559, 560 of 2014, reporting the said fact to this C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cheme the competent authorities though have raised observation regarding one aspect relating to the provisions made in the scheme, but it is not as being contrary to any law, but only for securing RBI clearance, which is undertaken. Further, despite publication of the filing of these petitions, no person interested in the affairs of the petitioner companies or their members have raised any objection to the sanction of scheme by this Court. Insofar as the provisions as contained in the scheme, the Transferee company would remain liable for compliance of the law under various enactments including the Income Tax Act on the scheme becoming operational. The scheme in Clause-9 provides to protect the interests of the staff workmen and employees o ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
