- 1 - 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.345 OF 2004 COMPANY PETITION NO.345 OF 2004 COMPANY PETITION NO.345 OF 2004 CONNECTED WITH CONNECTED WITH CONNECTED WITH COMPANY APPLICATION NO. 132 OF 2004. COMPANY APPLICATION NO. 132 OF 2004. COMPANY APPLICATION NO. 132 OF 2004. In the matter of Companies Act, I of 1956; And In the matter of Petition to Saction the Scheme of Amalgamation of M/s.Prism Pigments & Colours P.Ltd. (Transferor Company) with M/s. SBS Colours & Chemiques Pvt.Ltd.(Transferee Company) M/s.Prism Pigments & colours Pvt.Ltd. .. Petitioner. .. Petitioner. .. Petitioner. ..... WITH COMPANY PETITION NO.346 OF 2004 COMPANY PETITION NO.346 OF 2004 COMPANY PETITION NO.346 OF 2004 CONNECTED WITH CONNECTED WITH CONNECTED WITH COMPANY APPLICATION NO.133 OF 2004 COMPANY APPLICATION NO.133 OF 2004 COMPANY APPLICATION NO.133 OF 2004 In the matter of the Companies Act 1 of 1956; And In the matter of Section 391 to - 2 - 394 of the Companies Act, 1956; And In the matter of Scheme of Amalgamation of Prism Pigments & Colours Private Limited with SBS Colores & Chemiques Private Limited. SBS Colores & Chemiques Pvt.Ltd. .. Petitioner. Shri Rajesh Shah for petitioners in both petitions. Shri C.J.Joy with R.C.Master, Panel Counsel i/b T.C.Kaushik for Regional Director, Dept. of Company Affairs,Maharashtra Mumbai in both petitions. Mrs. Athavale, Assistant Official Liquidator, present. CORAM: S.U.KAMDAR, J. CORAM: S.U.KAMDAR, J. CORAM: S.U.KAMDAR, J. DATE : December 3, 2004 DATE : December 3, 2004 DATE : December 3, 2004 P.C. :- P.C. :- P.C. :- . In the present petitions, petitioners were directed to obtain consent of two creditors namely State Bank of India and standard Chartered Bank. Petitioners in both the petitions have filed consent of all secured creditors alongwith their affidavit dated 1st December, 2004. Affidavit is taken on record. Regional Director and Official Liquidators who are present in the court have no objection to grant present petition. Accordingly petitions are made absolute in terms of prayer clause (a) to (j). Both the petitions are - 3 - disposed of. 2. The petitioners in both the petitions would pay costs of Rs.2,500/- each to the Regional Director and Official Liquidator. 3. All the authorities concerned to act on an ordinary copy of this order duly authenticated as true copy by the Company Registrar of this Court.