1 . rng IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.878 OF 2008 COMPANY PETITION NO.878 OF 2008 COMPANY PETITION NO.878 OF 2008 CONNECTED WITH CONNECTED WITH CONNECTED WITH COMPANY APPLICATION NO.677 OF 2008 COMPANY APPLICATION NO.677 OF 2008 COMPANY APPLICATION NO.677 OF 2008 In the matter of Section 391 and 394 of the Companies Act, And In the matter of Scheme of Amalgamation of Stonewood Constructions Private Limtied into Hirandani Realtors Private Limited and their respective shareholders. Stonewood Constructions Private Limited ..Petitioner/Transferor Company AND AND AND COMPANY PETITION NO.879 OF 2008 COMPANY PETITION NO.879 OF 2008 COMPANY PETITION NO.879 OF 2008 CONNECTED WITH CONNECTED WITH CONNECTED WITH COMPANY APPLICATION NO.678 OF 2008 COMPANY APPLICATION NO.678 OF 2008 COMPANY APPLICATION NO.678 OF 2008 Hirandandani Realtors Private Limited .. Petitioner/Transferee Company Mr.Hemant Sethi i.b Hemant Sethi & Co for Petitioners Mrs N.V.Masurkar with Mr.Khosla i.b Mr.S.K.Mohapatra for Regional Director Mr.S.Ramakantha, Deputy Official Liquidator CORAM : S.J.Vazifdar, J CORAM : S.J.Vazifdar, J CORAM : S.J.Vazifdar, J DATED : 13th February, 2009 DATED : 13th February, 2009 DATED : 13th February, 2009 P.C. 1. The sanction of the Court is sought under Sections 391 to 394 of the Companies Act, 1956 to a Scheme of Amalgamation of Stonewood Constructions Private Limited, the Transferor company into Hirandandani Realtors Private Limited the Transferee company and their respective shareholders. 2 2. The petitioners have complied with all the requirements as per directions of this Court. The Regional Director has filed his affidavit in reply and has stated that the Scheme is not prejudicial to public. The Official Liquidator has filed his report stating that the affairs of the Transferor company have been conducted in proper manner and that the Transferor company may be ordered to be wound up. 3. The Scheme appears to be fair and reasonable and not violative of any provisions of law and is not contrary to any public policy. None of the parties concerned have come forward to oppose the scheme. 4. There is no objection to the scheme and since all the requisite statutory compliances have been fulfilled Company Petitions are made absolute in terms of prayer clause (a). 5. The Transferee company to lodge a copy of this order and the scheme with the concerned Superintendent of stamps for the purpose of adjudication of stamp duty payable if any on the same within 30 days of obtaining the authenticated copy of this order. 6. The petitioners in both the Company Petitions to pay a cost of Rs.7500/- each to the Regional Director. Petitioners in Company Petition No.878 of 2008 to pay costs of Rs.7500/- to the Official Liquidator. Costs 3 to be paid within four weeks from today. Petitioners to comply with statutory compliances, applicable if any. 7. Filing and issuance of the drawn up order is dispensed with. All concerned authorities to act on a copy of this order and the Scheme duly authenticated by Company Registrar, High Court, Bombay.