IN THE HON’BLE HIGH COURT OF HIMACHAL PRADESH, SHIMLA. Company Petition No.3 of 2008. Date of decision : 24.03.2008. In the matter of: GPI Textiles Limited. ….Petitioner-Company Coram: The Hon’ble Mr. Justice Dev Darshan Sud, J. Whether approved for reporting?1 For the petitioner-Company: Mr.B.C. Negi, Advocate. For the respondent: Dev Darshan Sud, J. This petition has been moved under Section 391, 392, 393 and 394 of the Companies Act, 1956 with a prayer for amalgamation in terms of the Scheme of Arrangement filed by the Company as Annexure P-1 with the petition. By an order dated 11th January, 2008, the meeting of the Equity Shareholders, Cumulative Redeemable Preference Shareholders (CRPS-1), Cumulative Redeemable Preference Shareholders (CRPS-2) and Cumulative Redeemable Preference Shareholders (CRPS-3), and also Secured and Un-secured Creditors, was ordered to be held vide order dated 24th January, 2008 the date for holding of the meeting was fixed for 1 Whether Reporters of Local Papers are allowed to see the judgment? 2 15 March, 2008 at the venue so named. Pursuant to the directions issued, notices of the meeting were published and individual notices were sent to the Shareholders and Creditors etc. The affidavits along with the reports of the respective Chairmen of the meeting namely, S/Shri Sandeep Sharma, Advocate, Bimal Gupta, Advocate, Rajan Dewan, Advocate and Rajiv Jeevan, Advocate, have been filed on the record of the case. According to the report(s) filed by the respective Chairman of the meeting, the Scheme of Arrangement/Amalgamation was put for approval, confirmation or recording of objection, if any. The report(s) show that the Scheme has been approved and confirmed. It was circulated prior to the meeting and was open for inspection at the registered office of the Company also. The Attendance Slips, Attendance Register, Proxy Forms, Ballot Papers with authorization etc. have been filed. The Scheme has been approved without any opposition. I have heard learned counsel appearing for the petitioner and have gone through the record. Taking into consideration the fact that the Scheme of Amalgamation which was put for confirmation before the various categories of Shareholders, Creditors, (both Secured and Un-secured), who approved the Scheme, present petition is disposed of with liberty reserved to the petitioner to move 3 appropriate petition in accordance with law for sanction of the Scheme. March 24, 2008. (Dev Darshan Sud) (aks) Judge.