1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH, NAGPUR C.M.P. No.14 of 2010 (In the matter of N. Kumar Housing and Infrastructure Pvt. Ltd.) with C.M.P. No.15 of 2010 (In the matter of Brazen Traders pvt. Ltd.) with C.M.P. No.16 of 2010 (In the matter of Splashy Securities Pvt. Ltd.) with C.M.P. No.17 of 2010 (In the matter of Humble Finvest Pvt. Ltd.) with C.M.P. No.18 of 2010 (In the matter of value Fininvest Operations Pvt. Ltd.) with C.M.P. No.19 of 2010 (In the matter of Ritesh Securities Pvt. Ltd.) with C.M.P. No.20 of 2010 (In the matter of Samiel Investment and Finance Pvt. Ltd.) with C.M.P. No.21 of 2010 (In the matter of 1 TV Network (India) Pvt. Ltd.) with C.M.P. No.22 of 2010 (In the matter of Primate Investment and Trading Pvt. Ltd.) 2 with C.M.P. No.23 of 2010 (In the matter of I.T. Craze India Pvt. Ltd.) with C.M.P. No.24 of 2010 (In the matter of Malahi Investment Pvt. Ltd.) with C.M.P. No.25 of 2010 (In the matter of Aihar Investment Pvt. Ltd.) Office Notes, Memoranda of Coram, appearances, Court's orders or directions Court's or Judge's orders and Registrar's order Shri J.B. Gandhi, Advocate, i/b M/s. Vishwas Pathak & Co. for Petitioner-Companies. Shri Anjan De, Advocate for Official Liquidator. Shri S.B. Bangde, holding for Shri S.K. Mishra, Advocates for Regional Director of Companies, Western Region, Ministry of Corporate Affairs, Mumbai. Coram : R.K. Deshpande, J. Dated : 28 th January, 2011 1. Heard the learned counsel for the parties. 2. The sanction of the Court is sought under Sections 391 to 394 of the Companies Act, 1956 to a scheme of amalgamation between Aihar investments Private Limited, Brazen Traders Private Limited, Humble Finvest Private Limited, IT Craze (India) Private Limited, I TV Network (India) Private Limited, 3 Malahi investments Private Limited, Primate Investment and vb Trading Private Limited, Ritesh Securities Limited, Samiel Investment and Finance Private Limited, Splashy Securities Private Limited, Value Fininvest Operations Private Limited, the transferor-companies and N. Kumar Housing & Infrastructure Private Limited, the transferee-company. 3. The learned counsel appearing on behalf of the petitioner-companies have stated that the petitioner-companies have complied with all the requirements as per the directions of this Court. However, the petitioner-companies also undertake to comply with all statutory requirements, if any, as required under the Companies Act, 1956 and the Company (Court) Rules, 1959. 4. Upon perusal of the entire material on record, the scheme appears to be fair and reasonable and is not violative of any provision of law and is not contrary to any public policy. None of the parties concerned has come forward to oppose the scheme. 5. The Regional Director has filed an affidavit stating therein that the scheme is not prejudicial to the interest of creditors, shareholders and public. 6. The Official Liquidator has filed his report in Company Petition Nos. 15 to 25 of 2010 stating therein that the affairs of the transferor-companies have been conducted in proper manner. 7. There is no objection to the scheme and since all the requisite statutory compliance have been fulfilled, Company Petition Nos.15 to 25 of 2010 are made absolute in terms of prayer clauses (a) to (j) and Company Petition No.14 of 2010 is 4 made absolute in terms of prayer clauses (a) to (t). 8. The transferee-company to lodge copy of this order and the scheme with the concerned Superintendent of Stamps for the purpose of adjudication of stamp duty payable thereon, if any, within 30 days of obtaining the authenticated and/or certified copy of the order. 9. Filing and issuance of the drawn up order is dispensed with. 10. All the concerned authorities to act on a copy of this order duly authenticated by the Company Registrar, High Court of Bombay, Nagpur Bench, Nagpur. Judge