1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH, NAGPUR Company Petition No.7 of 2009 In Company Appeal No.45 of 2009 (Inertia Iron and Steel Industries Private Limited and Jayaswal Neco Industries Limited and their respective shareholders) Office Notes, Memoranda of Coram, appearances, Court's orders or directions Court's or Judge's orders and Registrar's order Dr. Anjan De, Advocate for Petitioner. Shri S.K. Mishra, Advocate, for Regional Director, Western Region, Ministry of Corporate Affairs, Govt. of India. Shri R.K. Tiwari, Official Liquidator. Coram : A.H. Joshi, J. Dated : 6 th November, 2009 1. This is a petition by Inertia Iron and Steel Industries Private Limited and Jayaswal Neco Industries Limited praying for sanction of the scheme of arrangement for merger annexed to the petition as Annexure-4, whereby the transferor company will be merged alongwith its assets and liabilities with that of Jayaswal Neco Industries Limited. 2. Perused the petition and annexures thereto so also the affidavit filed by Shri Arbind Jayaswal, Managing Director of the transferee company. 2 3. It is seen that the Regional Director, Western Region, Ministry of Corporate Affairs, Government of India, has no objection to merger with a rider that the accounting of amalgamation shall be done as per the purchase method prescribed. 4. It is also seen that the statutory requirements for amalgamation have been carried out. The creditors or shareholders have no objection to the merger. This Court is satisfied that the merger would be in the interest of the transferee and transferor companies and all concerned. 5. The company petition is, therefore, allowed in terms of prayer clauses (a) and (b) of para 24. Judge. pdl