1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.874 OF 2009 CONNECTED WITH COMPANY APPLICATION NO.1047 OF 2009 In the matter of Section 80, 100, 391 & 392 of the Companies Act, 1956; And In the matter of Scheme of Arrangement between Serum Institute of India Limited and its shareholders Serum Institute of India Limited. ….Petitioner Mr. Hemant Sethi i/b Hemant Sethi & Co. for the Petitioner. Mr. C. J. Joy and Mr. M. S. Bhardwaj i/b Mr. S. K. Mohapatra for Regional Director. CORAM: Dr. D.Y. CHANDRACHUD . J DATE: 27TH NOVEMBER 2009 P.C.: 1. Heard learned counsel for the parties. 2. The sanction of the Court is sought under Sections 80, 100, 391 & 392 of the Companies Act, 1956 to a Scheme of Arrangement between Serum Institute of India Limited and its respective shareholders. 3. Counsel appearing on behalf of the Petitioner has stated that the Petitioner has complied with all requirements as per directions of this Court and they have filed necessary affidavits of compliance in the Court. Moreover, Petitioner undertake to comply with all statutory requirements, if any, as required under the Companies Act, 1956 and the rules made there under. 4. The Regional Director has filed an affidavit stating therein that the Scheme does not appears to be prejudicial to the interest of the shareholders and public. 2 5. From the material on record, the Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public policy. None of the parties concerned have come forward to oppose the Scheme. 6. Since all the requisite statutory compliances have been fulfilled, the Company Petition No.874 of 2009 is made absolute in terms of prayer clauses (a) to (d). 7. The Petitioner to pay cost of Rs.7500/- to the Regional Director within four weeks from today. 8. Filing and issuance of the drawn up order is dispensed with. 9. All authorities concerned to act on a copy of this order along with Scheme and form of minutes duly authenticated by the Company Registrar, High Court (O.S.), Bombay. (DR. D. Y. CHANDRACHUD J.)