: 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.4 OF 2009 CONNECTED WITH COMPANY APPLICATION NO.1432 OF 2008 In the matter of Companies Act, 1956 And In the matter of Sections 391 to 394 of the Companies Act, 1956 ; In the matter of VSNL Broadband Ltd. And In the matter of scheme of arrangement of VSNL Brodband Ltd. with Tata Communications Ltd. VSNL Broadband Ltd. ..Petitioner Mr.Mehul Shah i/b.ANS Law Associates for the Petitioner. Ms.Lata Patne i/b.S.K.Mohapatra for the Regional Director. Mr.S.Ramakantha, Deputy Official Liquidator present. CORAM : S.J. VAZIFDAR, J. CORAM : S.J. VAZIFDAR, J. CORAM : S.J. VAZIFDAR, J. DATED : 3RD APRIL, 2009 DATED : 3RD APRIL, 2009 DATED : 3RD APRIL, 2009 P.C. : P.C. : P.C. : 1. The Petitioner, the transferor company, seeks the sanction of this Court to the scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956 with Tata Communications Ltd., the transferee company. : 2 : 2. The Petitioner is the wholly owned subsidiary of the transferee company. Accordingly, it was not necessary for the transferee company to file an petition. 3. The entire procedure has been complied with. There is no objection from any of the parties to the scheme being sanctioned. 4. The Official Liquidator has filed his report stating that the affairs of the transferor company has been conducted in a proper manner and that the transferor company may be ordered to be wound up. 5. The Regional Director has filed an affidavit in the above petition stating that the scheme is not prejudicial to the interest of shareholders and the public. 6. In the circumstances, the Company Petition is made absolute in terms of prayers (a) to (j). 7. 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 : 3 : same within 30 days of obtaining the authenticated and/or certified copy of this order. 8. The transferee company to pay costs of Rs.7500/- to the Regional Director. The transferor company to pay the costs of Rs.7500/- to the Regional Director and the Official Liquidator, High Court, Bombay. Costs to be paid within four weeks from today. 9. Filing and issuance of the drawn up order is dispensed with. 10. All concerned authorities to act on a copy of this order duly authenticated by the Company Registrar, High Court, Bombay. ***