: 1 : IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY PETITION NO.869 OF 2008 CONNECTED WITH COMPANY APPLICATION NO.1370 OF 2008 Shri Sitaram Ispat Pvt.Ltd. ....Petitioner Company WITH COMPANY PETITION NO.870 OF 2008 CONNECTED WITH COMPANY APPLICATION NO.1371 OF 2008 Tirupati Pile & Allied . Industries Pvt.Ltd. ....Petitioner Company Mr.Rajesh Shah i/b Rajesh Shah & Co. for the Petitioners. Mr.N.V. Masurkar with Mr.P. Kosala i/b Mr.S.K. Mohapatra for the Regional Director. Mr.S. Ramakantha, Deputy Official Liquidator present. CORAM : S.J. VAZIFDAR, J. DATED : 23RD JANUARY, 2009. P.C. : 1. The sanction of the Court is sought under Sections 391 to 394 of the Companies Act, 1956 to the scheme of amalgamation of Shri Sitaram Ispat Pvt.Ltd. with Tirupati Pile & Allied Industries Pvt. Ltd. 2. The procedure and all requirements as per the directions of this Court have been complied with. : 2 : 3. The Regional Director has filed an affidavit stating therein that the scheme is not prejudicial to the interest of creditors, shareholders and public. 4. The Official Liquidator has filed a report in Company Petition No.869 of 2008 stating therein that the affairs of the transferor companies have been conducted in a proper manner and that the transferor companies may be ordered to be dissolved. 5. Upon perusal of the entire material placed on records, the scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to any public policy. None of the parties concerned has come forward to oppose the scheme. 6. There is no objection to the scheme and since all the requisite statutory compliances have been fulfilled, Company Petition Nos.869 of 2008 filed by the transferor companies are made absolute in terms of prayer clauses (a) to (j) of the respective Petitions and Company Petition No.870 of 2008 filed by the transferee Company is made absolute in terms of prayer clauses (a) to (i). 7. The Petitioner companies to lodge a copy of : 3 : this order and the scheme with concerned Superintendent of Stamps for the purpose of adjudication of stamp duty payable, if any, on the same within thirty days of obtaining the authenticated and/or certified copy of the order. 8. The Petitioners in all the Company Petitions to pay costs of Rs.7500/- each to the Regional Director and to the Official Liquidator by the Petitioner in the Company Petition No.869 of 2008 filed by the transferor company. Costs to be paid within four weeks from today. 9. Filing and issuance of the drawn up order is dispensed with. . All concerned authorities to act on a copy of this order duly authenticated by Company Registrar, High Court, Bombay.