: 1 : IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.801 OF 2008 CONNECTED WITH COMPANY APPLICATION NO.997 OF 2008 Essar Securities Ltd. ....Petitioner AND COMPANY PETITION NO.802 OF 2008 CONNECTED WITH COMPANY APPLICATION NO.996 OF 2008 India Securities Ltd. ....Petitioner Mr.Amish Shroff i/b m/s.Rajani Associates for the Petitioner. Ms.Purnima Awasthi i/b Mr.S.K. Mohapatra for the Regional Director. CORAM : S.J. VAZIFDAR, J. DATED : 6TH FEBRUARY, 2009. P.C. : 1. The Petitioners seek sanction of the scheme of demerger. The procedure has been complied with. There is no objection to the scheme. 2. The Regional Director has filed an affidavit stating that save and except what is stated in paragraph 6 thereof, the scheme is not prejudicial to the interest of creditors, shareholders and public. 3. In paragraph 6, it is stated that the dues of : 2 : the Investor Education and Protection Fund in the sum of Rs.26.87 lakhs were due on 30.9.2007. However, it is now admitted that since then these dues have been paid in full. In the circumstances, there is no objection to the Petition being sanctioned. 4. In the circumstances, Company Petition No.801 of 2008 is made absolute in terms of prayers (a) to (h). Company Petition No.802 of 2008 is made absolute in terms of prayers (a) to (i). 5. The Petitioner companies to pay costs of Rs.7500/- to the Regional Director. Costs to be paid within four weeks from today. 6. Filing and issuance of the drawn up order is dispensed with. . All concerned authorities to act on a copy of this order duly authenticated by Company Registrar, High Court, Bombay.